#shiba⚡ The burn rate for Shiba Inu ($SHIB) blew up by 2225% on Thursday amidst a surge of interest in meme coins.
Shiba Inu tokens, which collectively have a market cap of $14.75 billion, are gradually burned in order to reduce the token’s tremendous supply (currently over half a quadrillion) in order to create scarcity, which helps the token’s price along on its upward journey.
