'Dogecoin Killer' Shiba Inu's Burn Rate Shoots Up 772%, Shytoshi Kusama On Picking Up The Pace: 'Requires Funds To Do So'
Portfolio Pulse from Aniket Verma
Shiba Inu's burn rate surged by 772% with 15.08 million SHIB tokens removed from circulation, yet the community remains unimpressed. The burn rate increase coincides with the launch of the K9 Finance platform on Shiba Inu's Shibarium network, which is expected to boost transaction volume and further accelerate token burns.
September 23, 2024 | 3:53 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Shiba Inu's burn rate increased by 772%, removing 15.08 million SHIB tokens from circulation. Despite this, the community is not satisfied, urging for faster burns. The launch of K9 Finance on Shibarium is expected to increase transaction volume and accelerate burns.
The significant increase in burn rate and the launch of K9 Finance on Shibarium are positive developments for SHIB, potentially increasing scarcity and value. However, community dissatisfaction indicates that expectations are not fully met, which could limit the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100