Shiba Inu Burn Rate Skyrockets, SHIB Price Set to Reach All-Time High?
Shiba Inu’s burn rate has skyrocketed by over 1000% today, leading to speculation of a potential surge in the SHIB price. This surge comes amidst a 6% increase in the price of the meme coin, generating buzz within the crypto market. Furthermore, a recent analysis of the cryptocurrency’s price points out various factors that could contribute to the meme coin reaching a new all-time high in the near future.
Isla MacKenzie covers Web3 culture, NFTs and the metaverse from Edinburgh. A former product writer at Sky and CodeBase, she has been on the BTCNews team since 2022 and runs our weekly Creators newsletter. Isla studied Digital Humanities at the University of Edinburgh and was named one of CityAM's '30 Under 30 in Crypto' in 2024. She writes about culture without losing sight of the underlying tech.
