Shiba Inu, a popular cryptocurrency, has experienced a notable surge in its burn rate, increasing by 1300%.
This significant rise has led to a wave of optimism among market participants, who see it as an indication of a potential price increase for Staking Shiba Inu (SHIB).
The positive on-chain metrics further support the possibility of a price boost, making investors hopeful about the future performance of SHIB.
The dramatic burn rate increase highlights the growing significance and activity surrounding Shiba Inu in the cryptocurrency market.
