The burn rate of theself-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer’ Shiba Inu token (CRYPTO: SHIB) has seen an increase of over 800% in the past day, culminating in the elimination of 10 million SHIB from circulation. What Happened: According to the latest data from Shibburn, the uptick in the burn rate can be attributed to a large transaction where over 10 million SHIB tokens were incinerated. The growth in the Shiba Inu token’s daily transactions can be linked to the skyrocketing activity on the Shibarium network. Shibariumscan, a platform tracking such transactions, reports a staggering fi…
