Shiba Inu Burn Rate Rises Again, Sparkling Optimism Among Investors

Shiba Inu’s burn rate has seen a resurgence after weeks of slowdown, according to blockchain tracker Shibburn. The daily and weekly burn rates have increased significantly, indicating the ecosystem is once again actively working towards deflationary measures. This uptick in burn activity comes alongside bullish developments for SHIB, including whale accumulation following substantial inflows. Recent reports suggest that large holders have seen significant increases in their holdings over the past month, fueled by investor interest and activity. As a result, SHIB’s burn rate is likely responding to this increased demand, aiming to maintain scarcity and drive price growth.