Shiba Inu Burn Rate Soars, Markets Ponder Breakout Potential

The Shiba Inu community is engaging in an aggressive burn of the token’s supply, sending its burn rate skyrocketing over 106,000% within a single day. This unexpected move has sparked debate about whether it signals a breakout in SHIB price or just smoke without fire. Analysis from our latest report sheds light on this dynamic, exploring the impact of these aggressive burns and their potential implications for the future of SHIB.