Within the past 24 hours, the burning rate of Shiba Inu has skyrocketed, increasing by over 23,000%.
Within the past 24 hours, the burning rate of SHIB has surged by 23,133% due to developers burning over 13 billion tokens. Based on the current market price, this amount comes up to approximately 463,000 USD.
Shiba Inu burning rate surges by over 23,000%
In addition, the developers have burned 28 LEASH tokens, valued at 21,600 USD, and 19,551 BONE tokens, valued at around 22,874 USD.
Despite this event, the price of SHIB is still going sideways.
Technical analyst Ali Martinez believes that this price action may be part of a sideways accumulation phase that could potentially bring higher profits.
In another development, Shytoshi Kusama, the main developer of Shiba Inu, is actively supporting the listing of BONE token on Binance.
On March 7th, the Binance exchange introduced the Futures NEXT program, which allows users to nominate tokens to be listed on the exchange.
Although Binance clarified that the nominations will not influence the listing decision, users are still able to vote for the tokens they believe will be listed.
In response to this announcement, Kusama urges the community to demonstrate their power by casting their votes for BONE.
