Shiba Inu Expands To Base Network, Here's The Big Catch

Key Points

1. Shiba Inu has introduced a new burn engine on the Base network to significantly reduce its total SHIB supply.

2. Over the last 24 hours, more than 600 million SHIB tokens have been burned, primarily through 'Creator Coin' activity on Zora.

3. The move aims to increase SHIB's scarcity and drive up its market value, with current trading volume surging by 62.96% to $238.54 million.

4. Whale dominance in SHIB has climbed to 74%, indicating large holders are accumulating the token in anticipation of a potential rally.

5. As of press time, SHIB's price was $0.00001368, reflecting a 2.32% decline in the last 24 hours.