Shiba Inu$SHIB has received a major boost thanks to a massive 700% jump in burn rate and bullish comments from Shitoshi Kusama at the Token2049 event in Singapore.

According to tracker Shibburn, the recent 772% jump in Shiba Inu’s burn rate has removed 15 million SHIB tokens from circulation. This significant reduction in supply has the market expecting an increase in the price of the meme token.

The majority of these 14,980,422 tokens were sent to a dead address in a single transaction. In addition, about 100,000 SHIB were burned in two other transfers.

Encouraged by these developments, crypto analyst Altcoin Buzz predicts SHIB will rise 36% to $0.00002, of course, if the current momentum continues.

Shiba Inu project leader Shitoshi Kusama also spoke about private developments at the Token2049 event in Singapore, which are accompanied by rumors of a potential partnership with Tron DAO. Kusama's tweets hint at significant improvements.

At the moment, there are 583,494,740,394,717 Shiba Inu tokens in circulation, with 410,728,825,806,575 SHIBs locked in dead wallets.$PEPE $FLOKI