🐕 Shiba Inu’s burn rate is heating up, with 125 million tokens burned over the past month, fueling hopes of price gains.
🔥As burn rates rise, Shiba’s community is rallying behind a price target of $0.0001, banking on supply-and-demand dynamics to kick in.
😎In October alone, 85 burns wiped out 124.5 million SHIB tokens, averaging a daily burn of 4,291 million SHIB. This steady burn has brought SHIB’s circulating supply down to 589.26 trillion, with September burns reaching 349 million tokens, keeping the trend strong.
👀With the burn rate climbing, many see a favourable setup for SHIB’s price action. Reduced supply is sparking hope across the SHIB army for future bullish movements.
