Shiba Inu’s burn rate skyrocketed over 1000%, sparking optimism in the market. Over 6.54 million SHIB tokens were burned in 24 hours, leading to a nearly 6% price rally, trading at $0.00001758. This surge has ignited speculation that SHIB may hit a new all-time high soon. The burn rate increase, combined with rising trading volume and futures interest, indicates growing market confidence. A recent price analysis suggests that if Bitcoin rallies, SHIB could follow suit, potentially leading to a significant price increase.
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