‘Dogecoin Killer’ Shiba Inu’s Burn Rate And Whale Transactions Are Surging: What Is Going On?

Shiba Inu (CRYPTO: SHIB) is trading 8% higher in the past seven days bolstered by optimism, burn rates and whale transactions.

What Happened: Shiba Inu’s burn rate has surged by 7,168% with 6.9 million SHIB coins burned in one transaction and 1 million SHIB in another, according to Shibburn data. Both transactions happened around 23 hours ago.

Lucie, the marketing lead of Shiba Inu, in her latest X post, hinted at a new groundbreaking project: “Something big is coming!” She added that there is a lot of speculation about what it could be — ShibMarketplace, Shibahub or Treat, or a …

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