.SHIBburn rate spikes 6,936%, hundreds of millions of $SHIB get burned
Over the past 24 hours, the price of the second largest canine crypto by market cap, SHIB, has demonstrated a staggering rise of slightly more than 13% — it jumped from $0.00000727 to theSHIB's growth was first of all caused by the Bitcoin price jump above the $30,000 level on the back of the news about the recent launch of the EDX exchange by Wall Street giants, as well as by the fact that BlackRock and Invesco both applied to launch a Bitcoin ETF.
Aside from that, pseudonymous leader of Shiba Inu Shytoshi Kusama made an announcement, spreading the word about several new updates related to the Shiba Inu ecosystem. Among them are the upcoming release of the “Worldpaper” and a partnership with Champion Apparel to produce SHIB-themed merchandise. This is a venture set up by the Shibcals team.
The surge of Bitcoin and the crypto market, in general, has also touched on the recently trending meme coin PEPE — its price surged by roughly 38%.
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