Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer’ Shiba Inu (CRYPTO: SHIB), experienced a significant uptick in its token burn rate, surging by over 400% in just 24 hours. What Happened: The increase in burn rate corresponds to a removal of 18 million SHIB tokens from the circulating supply, Shibburn, a Shiba Inu burn rate tracker reported. Data from Shibburn shows three anonymous entities have transferred a combined total of 16 million SHIB to an irretrievable “dead wallet”. This comes after the Securities and Exchange Commission (SEC) approved exchange-traded funds (ETFs), notable Ethereum (C…
