Of SHIB’s surging burn rate and BONE’s role in it all
Shiba Inu’s Shibarium propels SHIB burn
Shibarium has experienced a remarkable development in the past few days, marked by a surge in transactions on the Shiba Inu platform.
Shiba Inu’s burn rate goes off the roof
According to data from Shibburn, there has been a substantial surge in Shiba Inu’s burn rate within the last 24 hours. Over 8.3 billion SHIB tokens have been burned during this period, representing an impressive 1548111.1% increase in the burn rate.
How Shiba Inu has trended in the last 24 hours
AMBCrypto’s examination of the daily timeframe chart for SHIB showed its alignment with the broader market trend. The chart illustrated a cessation of its recent upward trajectory in the ongoing trading session.
Analyzing BONE’s trend
BONE has played a pivotal role in initiating the anticipated SHIB burn. An analysis of the daily timeframe chart revealed that BONE experienced an upward price trend in the past few days.
