According to Shibburn monitoring platform data, the military of the 2nd most popular canine crypto has increased by more than 1,364% in the last 24 hours. 9,607,635 Shiba Inu were sent to unspendable wallets and are now permanently out of circulation.
SHIB burn fee will rise in tandem with worth.
The SHIB burn fee was below zero on Friday, as less than 1 million Shiba Inu tokens were transferred to “inferno” addresses.
SHIB’s burn rate increased in tandem with the meme coin’s value. The SHIB/USD exchange rate has risen by 3.31% in the last 24 hours after falling by nearly 16% since Wednesday. As of this writing, the second most valuable meme coin is trading at $0.00001261 on the Binance exchange.
The token’s value and the burn fee appear to be correlated, as a drop in value usually results in a drop in the amount of burned meme cash.
“Briefly quiet,” says the lead developer of Shibarium.
KURO SHIBARMY JPN (@kuro 9696 9696) of Twitter has shared a screenshot from a Telegram chat with Shytoshi Kusama, lead developer of the Shiba Inu token.
Shytoshi responds to the February 14 rumors.
In January, Shytoshi added text to his bio section about “learning to play the flute” and preparing to present Shibarium in “a heart-shaped field.” The neighborhood quickly deduced that the developer was implying February 14th.
Nothing happened on February 10th (yesterday). The SHIB military’s expectations have now shifted to Valentine’s Day. Shytoshi Kusama, as reported by U.Right earlier this week, responded to a question about these rumors without denying or confirming them.