Shiba Inu, a popular cryptocurrency, experienced a substantial increase in its burn rate by 3,679%. This spike has led to a corresponding rise in SHIB's price, capturing the attention of market investors and enthusiasts.
This significant burn rate increase could signal the beginning of a new rally for Shiba Inu, as burning tokens generally decreases supply and can potentially increase demand.
The market's response to this development remains keenly watched, as investors look for signals on whether the upward trend for SHIB will persist.
