Shiba Inu’s burn rate surged by 14,575%, eliminating 279 million tokens and boosting network activity and price growth.
SHIB’s active addresses jumped 37.93%, signaling rising trader interest, while technical indicators point to continued bullish momentum.
Despite increased whale activity and volatility, long-term SHIB holders show strong confidence, with 53% currently in profit.
Shiba Inu Shiba Inu (SHIB) saw a massive 14,575% increase in its burn rate, removing 279 million tokens from circulation. This spike has fueled optimism among traders, driving SHIB’s price up by 1.49% to $0.00001878 in the past 24 hours.
#ShibaInuCoin Burn Rate Rockets 14570% Signaling $SHIB Price Rally To $1
More than 279 million SHIB tokens removed from the initial supply.
Getting stronger in this bull run 
$SHIB #shibaArmy #Bone https://t.co/fr6TeuqHjx
— Shiba Inu (@ShibainuCoin) October 14, 2024
Shiba Inu’s overall network activity is also up, with the total number of active addresses surging by 37.93% to reach 6,391, according to CryptoQuant data. As SHIB continues to gain attention, market analysts warn traders to stay vigilant as volatility remains high.
Token Burn…
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