SHIB Supply Shrinks 8 Million Following First Shiba Inu ETF Filing

Following the groundbreaking filing of the first-ever Shiba Inu spot ETF, SHIB’s supply saw a significant reduction, signaling renewed investor optimism and market activity. The token’s burn rate soared by 208%, permanently removing nearly 8 million tokens in just 24 hours. This surge coincides with the excitement surrounding the ETF filing, reigniting interest across the cryptocurrency landscape.