Shiba Inu (SHIB) has experienced a significant increase in its burn rate. Recent data from the Shibburn tracker indicates a surge of 1,088% in token burns.
This remarkable surge in activity is coupled with a notable rise in SHIB’s price. Over the last 24 hours, SHIB’s price has increased by nearly 6%, now trading at $0.00001385.
The increase in burn rate and price movement has sparked speculation about whether SHIB is poised for a 50% rally.