The post Shiba Inu Burn Rate Boosts 529% with Over 37M SHIB Burnt appeared first on Coinpedia Fintech News
The Shiba Inu community has burnt over 37 million SHIB across 10 transactions in the last 24 hours boosting its burn rate by 529.72%. The burn is a part of the ongoing effort by the Shiba Inu community to reduce its circulating supply. The Shiba Inu community is also exploring broader initiatives to further decrease its circulating supply. A proposal to burn SHIB through Binance and Coinbase has also gained traction. In a poll launched by a SHIB enthusiast to gauge the community support over the initiative, 95% votes were in favor of the proposal.
