Shiba Inu Burn Rate Skyrockets 38,299%, Fueling Bullish Sentiment

A significant surge in the Shiba Inu (SHIB) burn rate has ignited a wave of excitement within the cryptocurrency community. Over 38,299% increase in just 24 hours saw an estimated 283 million tokens vanish from circulation, raising hopes for price appreciation in the long run. As SHIB trades around $0.0000136 and its market cap exceeds $8 billion, analysts are examining the implications of this recent burn activity.