Shiba Inu, the popular dog-themed meme cryptocurrency, has captured the attention of global crypto traders with a significant 6750% rise in its burn rate on Wednesday. This major event led to nearly 27 million SHIB coins being eliminated from the total supply, sparking optimism about the coin's future trajectory in the market.
The SHIB community is rallying around the idea of reaching a price target of $0.01. This optimistic target reflects the increased market enthusiasm and potential for growth as the community continues to support the burn mechanism, ultimately reducing the total supply and potentially driving up the price.
