SOL - From 'Dogecoin Killer' Shiba Inu's Burn Rate Surge To Bitcoin's ETF Approval And Possible BTC Boom: Crypto Weekend Roundup | Benzinga
The cryptocurrency market experienced a whirlwind of action over the week. From Shiba Inu’s burn rate skyrocketing to the influx of Kissinger-themed tokens, the digital currency landscape was anything but dull. Here’s a recap of the top stories:
Shiba Inu Burn Rate Skyrockets – Shiba Inu (CRYPTO: SHIB), the self-proclaimed ‘Dogecoin killer,’ saw its burn rate amplify by an impressive 500% in a single day. An estimated 83 million SHIB tokens disappeared from its supply, indicating a sudden and calculated move by holders to shrink the coin's supply. An unidentified entity reportedly incinerated 82 million SHIB tokens within a mere half-hour. Read the full article here.
Death Spurs Kissinger Tokens – Following the death of the 100-year-old former U.S. Secretary of State, Henry Kissinger, at least 9 tokens were created in his name. These Kissinger-themed coins attracted over $307,000 in trading volume. A wrapped Ethereum (CRYPTO: ETH) token led the pack, soaring over 5,700% within an hour of its introduction on Uniswap. Read the full article here.
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