IS shiba inu being burned?
#SHIBA✅🚀 #ShibaArmy #TrendingTopic
Every time a transaction is made on the Shiba Inu network, a small percentage of the transaction fee is sent to a burn or null address. The burn address is a wallet address that is not owned by anyone and cannot be accessed.
In 2021, token reached a market cap high of $32.84 billion and, despite dropping drastically from this valuation, SHIB's early 2024 run up the charts has seen in regain a market cap of almost $20 billion—and it now sits 10th in CoinMarketCap's rankings.
