Increase in SHIB Burn Rate Impacting Price: Is a Bullish Surge Next?
New York, USA – The burn rate of Shiba Inu (SHIB) tokens has experienced a significant increase in the last 24 hours, according to data from Shibburn. This surge marks a 56.16% uptick, contrasting with a previous decrease when the number of burned tokens was less than 40 million. The purpose of burning SHIB tokens is to create scarcity, ultimately driving up their value and combating inflationary pressures. While this recent increase in burn rate …