Shiba Inu (SHIB) Meme Coin Burn Rate Increases Mildly Amid Recent Rally
The burn rate of the Shiba Inu (SHIB) meme coin has seen a slight increase this week, with 307 million tokens burnt in the past seven days. Despite a sharp decline in burn rate over the past 24 hours, the community remains optimistic about the future of SHIB, with new projects and partnerships expected to increase token transactions. The recent rise in SHIB token burn is seen as a positive sign for traders and enthusiasts, although the coin's price has only seen a 10% upside move amid a larger rally in meme coins. Currently, SHIB is trading at $0.00000781, down nearly 2% in the past 24 hours.
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