Shiba Inu Burn Rate Explodes 1,993%, Could a Price Rally Be On the Horizon?

Shiba Inu’s burn rate has surged by an impressive 1,993% in recent days, significantly reducing circulating supply. Analysts believe this dramatic increase could trigger a bullish reversal for SHIB. Investors are watching key resistance levels as SHIB’s price shows signs of recovery after the token’s massive price spike. Recent developments such as T. Rowe Price filing for a Shiba Inu ETF and the burn rate surge have sparked significant optimism in the community.