Shiba Inu's burn rate has skyrocketed by over 7300% in a short span, causing a stir in the crypto market. This significant increase in the burn rate has created a wave of optimism among investors and market watchers, fueling hopes for a potential rise in SHIB's price.
The mechanism behind this burn rate involves decreasing the supply of SHIB tokens, which in turn could drive up the price. This has led to renewed interest and discussions about the future potential of Shiba Inu in the market.