#Shiba Inu Token Burn Rate Jumps by 1,361% – Just a Flicker in the Pan? The Shiba Inu [SHIB] token burn rate jump of 1,361% in 24 hours has breathed new life into the SHIB community.
At press time, the token is trading at $0.00001309, down 3.95% over the past 24 hours. However, price isn’t always the first to react.
While prices remain low, on-chain fundamentals are showing good signs of a recovery in network activity. Recent address statistics show a significant increase in user engagement. New addresses are up 22.10% and active addresses are up 23.07% over the past seven days.
Even zero balance addresses, which are often associated with inactive or discarded wallets, are up 31.41%. This pattern suggests that both new inflows and inactive users are becoming active again.
Historically, such a rise has often been a precursor to price action.
However, whether this will lead to a sustainable rally will depend on broader market participation and subsequent whale action…
