Crypto
Shiba Inu price stays flat despite burn rate surge
Shiba Inu\'s burn rate surged 173,579 percent in a day, but the token\'s price remained sluggish, The Crypto Basic reported on Feb. 13. Shibburn data showed 838,872 tokens were burned over 24 hours, up from 483 the day before. The burns came from two transfers tied to a Coinbase-funded wallet. Despite the activity, SHIB rose less than 1 percent in 24 hours as volumes fell in both spot and futures trading.
