The Shiba Inu burning rate has surged by an impressive 1251%, significantly impacting the price of SHIB, which has risen back to the $0.000014 zone.
Although a reduction in supply typically leads to price increases, this effect is only seen when community demand remains strong. In this case, the demand for SHIB appears to be favorable.
As the Shiba Inu supply continues to decrease, the potential for further price rises remains as long as community interest is sustained.
