SHIB INCREASE BURN RATE BY 685%,

A breakout is imminent.

According to data shared by the Shibburn tracking platform, one of the key metrics for SHIB – the burn rate – has shot up on a weekly basis despite a negative daily reading today.

This whopping increase has taken place while Shiba Inu is preparing to surge in price, according to a recent analytics report.

Through its official X handle, Shibburn published data about the recently updated values of the Shiba Inu burn rate. According to the recently published tweet, over the last seven days, the weekly burns have made an impressive jump by more than 685%. Overall, the SHIB community has burned 399,586,110 SHIB meme coins this week.

SHIB is currently trading around $0.00002076 as of this writing, it is likely to see a massive price jump to the $0.00002800 level or near it. If successful, that would be an increase of roughly 35% for SHIB.