Shiba Inu (SHIB) Surges in Market Cap and Volume, Lead Dev Calls for Action.

1 min read
Source: BeInCrypto
Shiba Inu (SHIB) Surges in Market Cap and Volume, Lead Dev Calls for Action.
Photo: BeInCrypto
TL;DR Summary

Shiba Inu's market cap has surpassed that of Binance USD stablecoin, reaching $6.81 billion, while BUSD's market cap plunged to $6.68 billion. The rise in SHIB's market cap is due to the recent milestones for the community, including the launch of its layer-2 network Shibarium and increased SHIB burn rate. Meanwhile, BUSD's supply has declined by roughly $10 billion since Paxos announced it would stop minting new tokens, leading to its delisting by Coinbase and loss of special privileges by Binance.

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