The Shiba Inu dog breed is the inspiration for the decentralised cryptocurrency project called Shiba Inu ($SHIB). It was developed on the Ethereum blockchain as a Dogecoin substitute and consists of three distinct tokens, each with a distinct function. The burn rate has increased by 1,632% over the last 24 hours, and the token’s price has risen to its highest level since March 14th. After burning 90% of his $SHIB holdings and donating the remaining 10% to charity, Ethereum creator Vitalik Buterin introduced the burn rate mechanism in 2021.
$SHIB Price Surges to Highest Level Since March 14, Burn Rate Up by 1,632%
