$SHIB
🚨SHIB Burn Rate Explodes 6,500% 🚨
Data from Shibburn shows that the SHIB burn rate has soared, and this further supports the bull case that the Shiba Inu price might make a rebound. In the last 24 hours, more than 28M SHIB tokens were removed from the circulating supply, representing a 6,500% increase compared to the previous day.
The surging SHIB burn rate follows increased network usage on Shibarium and the ShibaSwap DEX. According to DeFiLlama, DEX volumes on ShibaSwap have increased by 26% in the last month. At the same time, the Shibarium TVL has pushed past $3.38 million, which may bode well for the Shiba Inu price in the future.