Shiba Inu's burn rate just soared by 1,000%, and market is taking notice
as another meme coin destined for oblivion, the token pulled a fast one. In the last 24 hours, Shiba Inu's burn rate skyrocketed by a staggering 1,000%. The price is showing signs of a mild recovery too.
Shiba Inu had recently slipped below a crucial trendline support level, which had many traders biting their nails. A fall below this line usually signals a bearish trend, and for a moment, it looked like SHIB was going down that road.The price of Shiba Inu has seen a mild recovery alongside this burn rate hike. As of the latest data, Shiba Inu is priced at $0.0000073, marking a 0.44% increase.
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