Shiba Inu’s burn rate skyrockets, removing millions of tokens on a daily scale, part of a larger effort to reduce supply and enhance value.
Shibarium development advances with upgrades aimed at improving speed, scalability, and transaction fees, potentially contributing to SHIB’s recent price increase.throughout April. Its ultimate goal is to reduce the tremendous supply of the meme coin, making it scarcer and possibly more valuable in the future.
SHIB’s price has climbed 6% weekly and over 150% since May last year. The asset remains the second-largest in the meme coin cohort, with a market capitalization nearing $15 billion.The network, which aims to elevate the token above its rivals in the meme coin realm by improving speed, enhancing scalability, and lowering transaction feesin mid-April when the team launched a new user interface update, describing it as “faster, smoother, and more accessible than ever.
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