The Shiba Inu (SHIB) ecosystem has experienced a notable increase in activity over the past 24 hours due to overall market volatility.
A significant development is SHIB’s deflationary mechanism, resulting in an astounding 8,193% spike in the token’s burn rate, as reported by Shibburn.
This surge raises questions about the sustainability of SHIB's price rebound.
The article first appeared on FXcrypto News.
