The Shiba Inu (SHIB) burn rate has soared by 5569% daily, significantly lifting market sentiment. Shibburn became 19.76 million SHIB tokens that vanished in just 24 hours, representing a strong effort to reduce the general supply. Only two transactions by one account had the main share in this burst, which led to each burning 6.94 million SHIB.
There was a 1% price decline in SHIB despite SHIB’s aggressive burn rate, which might mean more to people, like seeing a potential price rally, with SHIB prices that would go to $0.00002 soon. According to the historical data, SHIB was a performer in July, which is critical for most investors.
