*Over 460 million SHIB burned and Shiba Inu price increases*
On November 11, 2024, over 460 million Shiba Inu (SHIB) were burned and removed from the current circulating supply. This figure represented a 1,000% increase in the Shiba Inu burning rate.
This information was released by Shibburn, an on-chain analysis site of this memecoin that has a dog as its symbol and its creation was inspired by Dogecoin (DOGE)
Coinciding with this burn, the price of SHIB rose today from $0.000024 to $0.000027, according to data from CoinMarketCap, recovering a trading zone that had not been recorded since the end of May 2024.
