Shiba Inu is making a strong comeback, with its burn rate soaring by 17,197% in the last 24 hours and a surge in whale transactions.
The crypto community eagerly awaits when Shiba Inu will shed its next zero.
Shibburn data reveals a 17,197% increase in the Shiba Inu token burn rate over the past day. A single transaction burned 42 million tokens, with two additional transactions burning 5 million tokens each.
Ethereum co-founder Vitalik Buterin commented that Shiba Inu has surpassed his expectations.
Cryptocurrency traders on social media still see Shiba Inu as “cheap,” expecting further upside.