Shiba Inu (SHIB) Burn Rate Soars 827%, Driving Price Increase

The Shiba Inu (SHIB) community has seen a significant surge in its burn rate, removing over 26 million tokens from circulation. This impressive increase of 827% signifies an ongoing effort by the SHIB community to decrease the token’s total supply and potentially drive up demand, leading to higher prices. Though this sudden burn has immediately impacted SHIB’s price, a positive indicator shows the coin is experiencing a slight increase of nearly 4%. Crypto analyst Ali Martinez observes a promising sign on the SHIB chart with a