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Live Updates and News on Shiba Inu: Shiba Inu Burn Rate Reaches A New Low, Will It Never Reach $1?

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Live Updates and News on Shiba Inu:

In the last 18 months, it is the first time that the least number of SHIBs is burnt. The Shiba Inu fans destroyed only 368 million SHIB which is worth only $3,200. It is a -99% fall when compared to May of this year. In May 2022, fans burnt 31 billion SHIB which would be worth approximately $310,000. 

Created in August 2020, by an anonymous group, Shiba Inu is a meme coin based on the breed of a Japanese breed dog. It is an Ethereum-based Altcoin. 

 

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Shourya Jha

Shourya is a fintech enthusiast who mainly reports on Cryptocurrency Prices, Union Budget, CBDC, and FTX collapse. Connect with her at shourya@coingape.com

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