Shiba Inu (SHIB) experienced a 4430% surge in its token burn rate following the Shibarium hard fork. This significant increase may indicate that SHIB is currently undervalued, even though recent market trends have been bearish.
The hard fork update seems to have had a considerable impact on SHIB's ecosystem. Investors are now speculating if a price surge for SHIB is on the horizon, given this substantial rise in the burn rate.
Such changes in the burn rate usually imply a scarcity of the token, which could potentially lead to increased demand and higher prices. Market participants are closely monitoring the situation to gauge the future performance of SHIB.
Given these developments, the crypto community is eagerly waiting to see if SHIB will experience a positive price movement soon.
![Shiba Inu’s [SHIB] Burn Rate Soars 4430% After Shibarium Hard Fork: Is a Price Surge Imminent?](https://loutre.blockchair.io/w4/storage/news/ctag.png){kind=small}
