Shiba Inu (SHIB) saw a 3% increase in its price, largely attributed to an intensified rate of token burning. This process successfully removed 2.9 million SHIB coins from the market, reducing supply.
Besides the burning rate, market buzz around the potential launch of a Shiba Inu ETF added to the excitement and speculation, driving the price movement further. The combination of these factors has attracted attention among investors and traders.
The anticipation of a Shiba Inu ETF has sparked curiosity, as investors consider the implications of such a development for the token's value and market dynamics.
