Shiba Inu ($SHIB) is soaring up in crypto world. Kraken Pro recently announced that $SHIB can be used as collateral for future tradings. This place $SHIB with popular cryptocurrencies such as Bitcoin, Ethereum, and others.
SHIB’s lead developer, Shytoshi Kusama responded to the news with a simple angel emoji on Twitter. This very move could rocket SHIB’s presence in the crypto world.
Adding to that, the burn rate of $SHIB soared up by a massive 139,10% in just 24 hours, with over 96 million tokens burned. The burning of the tokens reduces the circulation of the number of coins, adding more value to $SHIB.
With all these happenings around $SHIB, known investors are also showing interest with large transactions over $100,000 rising by 64%. Increment in community involvement was seen by 14% in daily active SHIB addresses.
With SHIB being used as collateral and tokens being burned at record rates, we can see the level up of $SHIB in crypto world.
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