Following a bullish Trump election win, there's been a significant surge in the burn rate of Shiba Inu tokens. This recent spike has resulted in the burning of over 53.3 million SHIB in a matter of 24 hours. The increased trading volume is a key driver of this intensified token-burning activity.
As the burn rate escalates, hopes for a substantial rally in the value of SHIB have been ignited among traders and investors. Shiba Inu enthusiasts are particularly optimistic that this might signal a positive price trajectory for the meme-based cryptocurrency in the near future.
The sudden rise in the burn rate is seen as a pivotal moment for Shiba Inu, which depends heavily on tokenomics to drive price increases. Its community is closely observing these developments, eager for potential gains stemming from the reduced supply and increased rarity of its tokens.
