Recently, the Shiba Inu burn rate has surged by an impressive 1323.66%, resulting in the burning of 34,912,694 SHIB tokens in just a day. This dramatic increase is likely a positive sign for holders of the cryptocurrency, given that reducing the supply typically increases scarcity.
As a result of this burn rate surge, the value of SHIB tokens may potentially increase due to heightened scarcity in the market. Coinciding with this development, SHIB has also experienced a price recovery, adding to the optimism among investors and enthusiasts.
