Popular meme coin Shiba Inu (SHIB) has surged by 347% in the last 24 hours and millions of SHIB tokens have been burned. According to the latest data, the daily burn rate has increased by 347%, sending millions of SHIB tokens to dead wallets that can no longer be accessed or spent. According to the latest hourly update of Shibburn’s X branch, 27,760,703 tokens were burned in the last 24 hours, representing a 347.32% increase in the daily burn rate.
This rise in the Shiba Inu's burn rate comes at a time when the broader cryptocurrency market is experiencing fluctuations, and the Shiba Inu is unaffected by these fluctuations. Currently, it is being written when SHIB is up 1.58% in the last 24 hours to $0.00001661.
Meme coin started to rise on July 5, recovering from $0.0000126 levels. As of this date, the Shiba Inu has spent five out of six days in the green, reaching an intraday high of $0.00001688 in today's trading session.
Rising Expectations in the Shiba Inu Community
Expectations are rising in the SHIB community following SHIB leader Shytoshi Kusama's latest announcement. The SHIB community is eagerly waiting for the TREAT token to be released soon.
Speaking about this, the Shiba Inu leader stated in an "It has its own utility and governance, and TREAT is the access token to all the advanced features of our system, unlike Leash's exclusivity-focused structure."
The global "Treat Yourself" tour was also announced by the SHIB leader. Beginning with IVS in Kyoto, the tour will make stops at major events such as the Blockchain Futurist Conference in Toronto and conclude with the highly anticipated ShibaCon 2024 in Bangkok.
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I EXPLAIN IN DETAIL.
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