Shiba Inu, an Ethereum-based meme coin, promptly gained significant traction across the cryptocurrency landscape on Wednesday as the token recorded a significant upswing in its burn rate. Notably, on-chain data showcased the incineration of hundreds of millions of SHIB over the past day, surfacing amid a price drop noted by the token. The SHIB burning The post Shiba Inu Burn Rate Skyrockets 1600% Amid SHIB Price Slump, What’s Happening? appeared first on CoinGape .
