The Shiba Inu burn rate has increased by over 6800%, boosting the price.

The recent increase in the Shiba Inu burn rate by over 6800% has led to a price rise of more than 7%, supported by the community and automated platforms.

This burn event highlights ongoing community engagement and automated systems in managing SHIB supply, fueling short-term price increases and market enthusiasm.

Shiba Inu burn rate rises by 6800%

Shiba Inu has seen a significant increase in its token burn rate, exceeding 6800% in a single day. This increase, driven by the community, aims to reduce the circulating supply and enhance the sustainability of the ecosystem.

The core Shiba Inu development team has enabled these burn activities through automated gateways. Community efforts and participation are central to the ongoing supply management strategy to balance the massive circulation of the token.