#Shiba Inu Burn Rate Increased by 1100%: Market Expects $SHIB to Rise to $0.00002.

#Shiba Shift to Inu's significantly increased burn rate. In the last 24 hours, the burning rate of $SHIB increased by approximately 1100%, and this increase was achieved by destroying 19.76 million SHIBs. A decrease in circulating supply could potentially increase the value of the asset. In particular, two large transactions from a single address contributed significantly to this increase, burning 6.94 million SHIB each. Over the past week, the burn rate increased by 13% and 83.37 million SHIBs were removed from circulation. This continued supply reduction is a strong bullish indicator for SHIB holders.

Historically, #Shiba Inu have performed positively in July of previous years. For example, $SHIB increased by 11.8% in July 2023 and 13.4% in July 2022. If similar trends continue, SHIB could reach the $0.00002 resistance. However, past performance does not guarantee future results, as seen by #SHIB 's 28.5% drop in July 2021. Current burn mechanisms reduce supply, potentially increasing the price if demand remains constant. The total amount of #SHIB burned reached an impressive 410.72 trillion, while the circulating supply is around 583.33 million. This significant reduction signals potential upcoming price increases.