Shiba Inu Burn Rate Skyrockets 3,000% Amidst Price Surge

Shiba Inu’s burn rate has soared by an astonishing 3,000%, driven by traders anticipating a potential price jump to the $0.0002 mark. This surge coincides with heightened market activity and speculation surrounding the cryptocurrency’s future value. The community-led initiative aims to reduce circulating supply by burning tokens daily, aiming for price stability. Experts suggest this strategy could trigger temporary price increases due to reduced supply, though they also caution that sustained price action depends on continued market momentum and broader adoption.