The Shiba Inu cryptocurrency has witnessed a remarkable surge in its burn rate, increasing by an unprecedented 253,000% in just 24 hours.
This substantial rise has led to the elimination of billions of SHIB tokens from the market, creating excitement among traders. Many speculate that this could lead to a significant price increase for the digital asset.
The dramatic reduction in circulating SHIB tokens may influence supply dynamics positively, further driving the interest of investors in the cryptocurrency.
