'Dogecoin Killer' Shiba Inu's Daily Transactions Surge 3,555%, Burn Rate Spikes To 1,465%

Zinger Key Points
  • Shiba Inu's burn rate spikes 1,465% as it joins the CDSA to help media execs use blockchain tech.
  • 56.82 trillion SHIB bought at $0.000027 by 2,880 addresses.

Shiba Inu SHIB/USD witnessed a huge spike in daily transactions, indicating bullish investor sentiment in the meme coin's performance.

What Happened: Shibburn data shows the burn rate spiking 1,465.43% in the past 24 hours, with 1 million SHIB tokens burned in one single transaction, as well as 2.8 million SHIB tokens in another transaction.

Shytoshi Kusama, Shiba Inu’s pseudonymous lead developer, tweeted that the project is looking forward to providing a unique and blockchain-first perspective to the Content Delivery Security Association's work in helping media and entertainment executives better utilize these innovative technologies.

CDSA is a nonprofit organization that works internationally.

Leading DNS provider D3 Global expanded its payment options to include Shiba Inu and BONE on Shibarium as part of its latest upgrade.  

Crypto trader Kamaz in his latest tweet pointed out a trade idea:

$SHIB Long Trade:

Entry: Market Entry
Take Profit: 0.0329
Stop Loss: 0.0281 pic.twitter.com/RAIYHGHVyU

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