Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As reported by Shibburn Twitter handle, over the past 24 hours, the SHIB burn rate has gone 100% higher than on Thursday, Nov. 17.
However, the overall amount of SHIB removed from circulation this time remains low – merely 2,445,366 tokens – a rise of two times from the previous day.
Four days ago, the burn rate shot up by an astounding 1,064% with a total of 23,823,149 SHIB. However, SHIB lumps like these have been the maximum for SHIB burning initiatives as of late.
On Thursday, the lead SHIB developer Shytoshi Kusama shared some mysterious news, saying that "the initial design has been approved," adding that now he can "double down."
Many users in the comments believed he was talking about the much-awaited Shibarium upgrade.