SHIB Burn Rate Soars, Transactions Surge: Analysts Expect SHIB Rally.

• Shiba Inu's burn rate soars 1400%, fueled by Manny Pacquiao Foundation's adoption for charitable endeavors.

• Crypto expert Captain Faibik signals a game-changing trendline break, projecting a potential 2x bullish rally by mid-December.

• The token's price analysis reveals resilience boasting a $5.18B market cap and heightened trading activity.

In a whirlwind of activity, Shiba Inu (SHIB) has witnessed an unprecedented 1400% surge in its burn rate within the past 24 hours. This remarkable development unfolded as a substantial 105 million SHIB tokens found their way into a dead wallet on Thursday, triggering significant implications for the popular cryptocurrency.

Crypto analyst Captain Faibik observes a significant breakout in $SHIB, hinting at a potential 2x Bullish Rally by mid-December.

The surge in token burning aligns seamlessly with a groundbreaking announc ement involving none other than retired boxing legend Manny Pacquiao and his philanthropic organization. Shibburn, a Shiba Inu burn data tracker, reported that transferring 105 million SHIB tokens has led to an impressive reduction in the total supply-from 999.98 trillion to 410.66 trillion.

This surge in burning activity coincides
with the revelation that Manny Pacquiao's
charitable foundation is set to embrace the
Shiba Inu network. The Manny Pacquiao
Foundation, operating as a non-profit
entity, has articulated plans to integrate
Shiba Inu's Layer 2 solution, Shibarium,
into its funds management system. This strategic move aims to amplify the
foundation's fundraising initiatives
through the adoption of cryptocurrency.

Shiba Inu (SHIB) is currently priced at
$0.000008788, reflecting a marginal
increase of 0.69% over the last 24 hours.
With a market cap of $5.18 billion, SHIB
holds the 19th position among
cryptocurrencies. The trading volume in
the last 24 hours amounts to $282.01
million, securing the 33rd spot in the
market. The volume-to-market cap ratio
stands at 5.56%, indicating a relatively.