Shiba Inu Burn Rate Spikes 130% Over The Past 24 Hours Following The Release Of The Crypto Card
The burn rate of the second-largest meme coin has been on the increase since the release of the Shiba Inu crypto card. The SHIB army has resumed their activity as the total Shiba Inu burnt is almost 1 billion per day, which in turn reduces massively the total Shiba Inu in the community.
As stated by the Shibburn blockchain tracking service, the second-largest meme coin experiences a spike in the burn rate over the last 24 hours as 130% more token was destroyed by the Shib Army.
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As said earlier, the burn rate saw a spike following the release of the visa card which came in order to boost the effort of the Shib army. But this weekend, then there was a relatively low Shiba Inu tokens burned as almost 500 million tokens were sent into the dead wallet in the last 24 hours. Despite the low burn rate, the total number of burned tokens today is still above average.
The effort for the meme coin to break through the resistance has been a to-and-fro movement probably because of the inadequate of buying pressure.
The Shiba Inu community aim at fighting the scams and FUDs about the project by creating SHIB Wikipedia. In the same premise, there is prominent growth in the Shibarium documentation and woofpaper v3.
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The update was released on a Twitter handle, $SHIB BPP and was confirmed by another called Shib Trophias:
“Can confirm there is a wiki/doc section in the works. It’s gotta look sleek! Shibarium Documentation and Woofpaper v3 are also a part of this as well.”
At the moment, Shiba Inu is trading at $0.000011 and showing an absolutely neutral price performance in the last 24 hours, without gaining or losing its value.
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