Shiba Inu Burns 16 Million Tokens Amid Crypto Market Rebound
- SHIB burnt over 16 million in 24 hours, with a 580.28% rise in the burn rate.
- Regardless of the burning spike, Shiba Inu’s price has fallen 25% over the past 60 days.
- Weekly Shiba Inu burn rate fell by 57.86%, reflecting a contradiction within the plan.
Shiba Inu (SHIB) has resumed its burn pace with more than 16 million tokens eliminated from supply in 24 hours. According to Shibburn, that represents a 580.28% increase in its burn rate, pointing towards intensified efforts in suppressing supply and potentially improving long-term investor sentiment.
