According to data from Shibburn, on November 9, the burn rate of Shiba Inu showed a 1323.66% increase, resulting from the destruction of 34.91 million tokens. As a result of this significant rise in the burn rate, the total supply of the meme token has decreased to 589.26 trillion SHIB. 110.64 million coins were burned over the past seven days. The whale activity supports optimism for SHIB’s future price movements. This situation continues to provide a positive outlook for the memecoin.
