Shiba Inu's Token Burn Rate Skyrockets by 863%, But Price Remains Low

• Shiba Inu (SHIB) experienced a significant 863.58% surge in its token burn rate within 24 hours, burning over 107 million SHIB tokens.

• Despite the impressive burn rate, SHIB's price has remained relatively low, showing a modest increase of 0.41% in the past day.

• The trading volume has declined by 56.62% to $340.81 million.

• Technical indicators suggest a neutral to slightly bearish trend, but SHIB's price remains above key moving averages, indicating potential long-term bullishness.