Shiba Inu has become a significant meme coin and has secured a position in the top 20 cryptocurrencies by market capitalization. The team behind SHIB has maintained a steady pace of development and various projects.
The SHIB ecosystem has been quite known for its notable benchmarks and milestone achievements. According to the latest details from cryptocurrency exchange Crypto.com, the exchange is hosting a new trading competition for the top 20 traders.
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Crypto.com has launched a new trading competition with a prize of $1,000 for the top 20 traders. All that users need to do is spot trade at least $100 worth of GEL, SAND, or Shiba Inu to join the competition. According to the details, the trading competition ends on April 26, 06:59 UTC.
Shiba Inu burn rate fails to gain traction?
The burn rate has been on the rise over the last week, with over 1.8 billion SHIB sent to dead wallets. However, this week the burn rate has been on the lower side. Yesterday, the burn rate was down by over 90%. Currently, the burn rate is down by 43%, with only 250,000 SHIB sent to dead wallets.
According to Shibburn, the 250,000 SHIB burned was from a single transaction that happened 16 hours ago.