The cash burn rate of Shiba Inu (SHIB) soared by 781%, and the price soared by 16%. How much room is left?

(Jiao Liu Jiansuke)

Shiba Inu (SHIB) has seen a remarkable recovery, with both its cash burn rate and market capitalization soaring.

Consumption rates for Shiba Inu jumped an astounding 781% over the past day, coinciding with the huge jump in prices.

The price of Shiba Inu increased by as much as 16% the previous day, showing a strong upward trend.

SHIB has continued those gains, rising 11% in the past 24 hours as of the latest data.

More than 18 million SHIBs (18,092,299) have been destroyed in the past 24 hours, with the daily destruction rate surging by 781.73%.

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