Shiba Inu (SHIB) has garnered investor attention due to a significant increase in its burn rate, suggesting possible price appreciation. On Tuesday, the burn rate increased by 12,670%, leading to a reduction in the token's circulating supply.
According to data from Shibburn, 52 million SHIB tokens were permanently burned, effectively removing them from circulation, which could influence market dynamics and investor expectations regarding SHIB's future performance.
