'Dogecoin Rival' Shiba Inu Burn Rate Soars 549% As Founder Teases Shiba Inu ETF Prospects
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has seen a significant increase in its burn rate, rising by 548.9% in the past 24 hours. The founder hinted at the possibility of a Shiba Inu ETF following the approval of the Ethereum ETF. Coinbase announced the listing of perpetual futures for Shiba Inu, Floki Inu, and Bonk, which is expected to enhance liquidity and market depth. ShibaSwap's governance token BONE is now integrated into Precipitate AI, allowing users to pay for services using BONE. Despite these developments, SHIB's price has dropped by 5.6% in the past 24 hours.

May 24, 2024 | 11:54 am
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Coinbase announced the listing of perpetual futures for Shiba Inu, Floki Inu, and Bonk, which is expected to enhance liquidity and market depth.
The listing of perpetual futures for Shiba Inu and other meme coins on Coinbase is likely to increase trading activity and liquidity on the platform, positively impacting Coinbase's revenue and stock price.
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