๐ฅ *Shiba Inu (SHIB) Burn Rate Soars 38,000% โ Whatโs Next?* ๐ฅ
On May 1, 2025, SHIB's burn rate skyrocketed by an astonishing 38,299%, with nearly 283.74 million tokens burned in just 24 hours. One wallet alone accounted for 263.70 million SHIB, signaling significant community-driven efforts to reduce supply.
Currently, SHIB is trading at approximately 0.00001349, with strong support around0.000012.
๐ *Price Predictions:*
- *2025:* Analysts predict SHIB could reach between 0.000015 and0.000056, depending on market conditions and continued burn efforts.
- *2030:* Forecasts suggest a potential rise to $0.0001971, reflecting long-term growth prospects.
๐ก *Key Takeaway:* The recent surge in SHIB's burn rate indicates a strong community commitment to reducing supply, which could positively impact price over time. However, investors should remain cautious and conduct thorough research, as the crypto market remains volatile.