Shiba Inu Burn Rate Boosts To 1100%, Can It Reach $0.00002 Soon?

Shiba Inu Burn Rate Soars 1100%, Aiming for $0.00002

The Shiba Inu (SHIB) burn rate has experienced a remarkable surge of approximately 1100%, igniting optimism within the cryptocurrency community. This upswing corresponds to the destruction of an astonishing 19,76 million SHIB tokens over the past 24 hours.

Two substantial transactions by the same address, each burning 6.94 million SHIB, have significantly contributed to the surge in burn rate. While the SHIB price has recently faced a decline in line with the broader market downturn, several indicators suggest the potential for a significant rally in July.