Shiba Inu’s burn rate has surged by 441% over the past 24 hours, with 41.8 million SHIB sent to dead wallets. This massive increase in burn activity coincides with a 22% rise in SHIB’s price over the same period. The token is now trading steadily above the critical $0.000005 mark after weeks of extreme volatility. This combination of heightened burn activity and rising demand could bolster SHIB’s scarcity and potentially drive its price higher.
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