Shiba Inu Burn Rate Surges 42% On Christmas Day, Price Follows With 3.5% Increase

Description

The Shiba Inu ecosystem has witnessed an increase in SHIB burning endeavors in the 24 hours leading up to Christmas day. According to data from Shibburn.com, Shiba Inu’s burn tracker, the meme coin has witnessed a 41.87% increase in the number of Shib tokens burned when compared to the previous 24-hour timeframe. Although this increase is small in comparison to other notable spikes in burns , its significance lies in its time. Particularly, the surge in burn rate has occurred amidst a decline in...