Shiba Inu: 78,000% Burn Rate Surge Fuels Potential Price Jump

Shiba Inu’s burn rate has skyrocketed by an unprecedented 78,273.79%, significantly boosting the token’s price and sparking renewed optimism. This surge comes as Shiba Inu prices rally upwards, pushing its value past the crucial $0.00001355 mark on the 200-day SMA. Recent data reveals that over 87 million SHIB tokens have been burned in the last 24 hours alone, a massive jump from the prior week’s activity. This increase is seen as key to Shiba Inu’s deflationary model, leading to scarcity and increased demand. 8 percent price gains followed by this surge indicate positive market sentiment.