Shib army has slightly increased amounts of burned meme coins, this might be reason for it
As reported by the Shibburn Twitter handle, in the last 24 hours, the SHIB burn rate has increased by 100% compared to Thursday, November 17th.
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 increased by an astonishing 1,064% with a total of 23,823,149 SHIBs. However, such SHIB knots are most likely to initiate SHIB burning.
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.”
Several users assumed in the comments that he was talking about the much-anticipated Shiberium upgrade.
