Shiba Inu Burns Soar 111%, Fueling Optimism in the Community

Shiba Inu’s burn rate has experienced a significant surge, jumping 111.43% within just 24 hours, according to blockchain tracker Shibburn. This jump stands out as one of the most rapid increases in recent weeks, prompting speculation about renewed community engagement. The token price hike coincides with a decrease in community participation, leading to worries about the Shiba Inu ecosystem’s activity levels. However, this sudden surge of burn rates is seen as a positive sign by many community members who believe it reflects increased interest and potential market revitalization.