Shiba Inu's burn rate has dramatically increased by over 1000%, leading to widespread optimism within the cryptocurrency market. In just 24 hours, more than 6.54 million SHIB tokens were burned. This reduction in supply has contributed to a nearly 6% rally in the token's price, currently trading at $0.00001758.
This substantial increase in the burn rate has sparked speculation among investors that Shiba Inu may soon reach a new all-time high. Alongside the increased burn rate, there has been a noticeable rise in trading volume, further fueling market excitement.
