Crypto Updates

Shiba Inu Burn Rate Spikes Despite Price Decline

240 Million SHIB Destroyed at Christmas, 880.9 Million Burned Since Mid-Fall

Shiba Inu (SHIB) has experienced a notable increase in its burn rate, even as the broader crypto market reacts to the Ethereum ETF launch announcement. According to data from Shibburn, the burn rate for SHIB tokens jumped by 482% in the past 24 hours, with 60,380,203 SHIB burnt, contributing to a total of 135,026,217 SHIB …

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