Shiba Inu (SHIB) Burns 146 Million Tokens in Fight to Retain Top 10

Shiba Inu (SHIB) has burned 146 million tokens in the past 24 hours to boost its standing among the top 10 cryptocurrencies by market capitalization. The strategic move aims to increase the meme coin's scarcity and value. The majority of the burn involved sending 100.88 million SHIB to a dead wallet, removing it from circulation. The total burnt tokens now stand at 410.71 trillion. SHIB currently holds the 10th position with a $19 billion market cap, surpassing Avalanche (AVAX). It's trading at $0.00003151, experiencing a 128% surge in the last seven days due to overall market excitement and anticipation for Shiba Inu ecosystem updates by Shytoshi Kusama.

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