Shiba Inu’s weekly burn rate has experienced a staggering 7,400% increase, resulting in nearly 2 billion SHIB tokens being removed from circulation. This surge in burning was notably influenced by executive Kaaldhairya, who burned 80 million tokens.
The significant reduction in supply has fueled optimism among investors and market participants for a potential price rally of SHIB, aiming to reach the target of $0.0004. At present, SHIB is trading at a price of $0.00002593.
Amid a bullish market sentiment, SHIBA INU has observed a substantial 39% gain over the past month, reflecting the increased enthusiasm and hopeful outlook for its future valuation.
