Shiba Inu Burn Rate Explodes 499,416%, Can This Send SHIB To $0.1?

Shiba Inu Burn Rate Sees Impressive Spike
The drastic increase in the Shiba Inu burn rate has shocked the community after hundreds of millions worth of tokens were taken out of circulation. Shibburn data puts the token burn figure for the last 24 hours at over 264.2 million, a notable jump from its previous day’s figures of 2.7 million.

Interestingly, the 2.7 million figure which was recorded on Sunday amounted to a 5,000% surge in burn rate, suggesting renewed interest. But nothing would prepare the community for what would come next. Its 264.2 million tokens burned by the early hours of Monday, and the burn rate had effectively risen 499,416%, one of the highest spikes in the history of the SHIB burn initiative.

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