The Shiba Inu burn rate experienced an impressive surge of 252,910%, with $100,000 worth of SHIB tokens being burnt in a single transaction. This development usually indicates a bullish trend for Shiba Inu’s price.
Despite the apparent positive outlook, the scam detection platform Susbarium has cautioned investors about potential risks associated with such large-scale token burns. The platform advises that investors exercise prudence and not get swayed by immediate surges, as these could indicate underlying vulnerabilities.
