Summary
TLDR: Shiba Inu developers burned over 13 billion tokens, but price is still down. Technical analysis suggests potential for a 40% bullish breakout. Shytoshi Kusama advocates for Binance to list BONE token, with ShibArmy support. BONE ranks third in nominations, behind Delysium and Baby DogeCoin.
Key Points
1. The SHIB burn rate spiked 23,133% in the last 24 hours, with developers intentionally destroying more than 13 billion tokens, equivalent to approximately $463,000 at current market rates.
2. Despite a massive burning activity by the developers of Shiba Inu, the price of SHIB is down by more than 23% from its yearly high on March 5.
3. Shytoshi Kusama, the lead developer of Shiba Inu, is actively advocating for the listing of ShibaSwap’s BONE token on Binance, with the ShibArmy rallying behind the digital asset and urging the community to vote for its listing.