#Shiba Inu Burn Rate Increased 3900% Amid $35M Whale Accumulation, $SHIB Expected Possible Increase in Price. The #Shiba Inu cryptocurrency has been attracting a lot of attention lately due to the unprecedented increase in its burn rate. Reports from Shibburn indicate that the burn rate has increased by approximately 3900%, indicating community determination to reduce the circulating supply of $SHIB tokens.
At the same time, mass buying by major investors occurred, indicating significant interest. In the last 24 hours, two large whales bought #SHIB for more than $35 million. This development has set the stage for a potential price increase driven by decreasing token supply and increasing demand.