The Shiba Inu cryptocurrency experienced a significant surge in its burn rate, spiking by nearly 450% over the past week. This increase has led to the burning of over 600 million SHIB coins, drawing further attention to the popular dog-themed meme coin.
This burn rate escalation has coincided with a highly bullish market environment, enhancing market optimism around SHIB.
The increased burn rate reflects a growing interest and activity within the Shiba Inu community, potentially impacting SHIB's value and perception in the cryptocurrency market.
