The Shiba Inu burn rate has increased by 612.78% in 24 hours, with 3.24 million SHIB tokens removed from circulation. This suggests a growing desire to reduce SHIB supply and create scarcity. The Shiba Inu community has been actively supporting token burning, believing it could boost SHIB prices.
Despite the recent burn, SHIB's price has not increased, with a 1.6% drop in the last 24 hours and a 9.3% drop in the last week. However, a SHIB fan predicts a major meme currency push, linking it to Ethereum's price activity.
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