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globalreutersOctober 29, 20241 Mins read
Shiba Inu Weekly Token Burn Spikes Sharply: Will These Burns Be the Key to SHIB’s Value Reaching One Dollar?
globalreutersOctober 29, 20241 Mins read Shiba Inu’s burn rate surged a shocking 941% over the past week, causing 322.98 million SHIB tokens to be permanently taken off the market. This rise in token burns helps lower the general SHIB supply, affecting its price. With the token burn rate on a high, could it give Shiba Inu the boost it needs? Is Shiba Inu likely to hit $1 shortly, given the Shibburn rate is sharply rising?
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