Shiba Inu Coin: SHIB Burn Rate Rockets 2600% Fueling Recovery Speculations
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Shiba Inu Coin (SHIB) has experienced an enormous increase in its burn rate, skyrocketing more than 2600% in just one day. This significant leap has garnered the attention of many within the crypto community, initiating discussions about the potential recovery of the meme coin.
According to Shibburn, a total of 14.91 million SHIB coins were burned in the past 24 hours, marking an unprecedented rate of incineration.
This dramatic increase in the burn rate may signal positive momentum for SHIB, as reducing the coin’s supply could potentially boost its value.
Source: coingape.com ↗
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