Shiba Inu (SHIB) Stays Ahead With 482% Burn Rate Surge

Shiba Inu (SHIB) has experienced a significant surge in its burn rate, jumping by 482% in just 24 hours. This increase in burn rate has reignited interest and speculation about the meme coin. The burnt tokens now amount to 60,380,203 SHIB, reducing the total tokens sent to dead wallets. Over the past seven days, a total of 135,026,217 SHIB has been burned. This ongoing burn rate has contributed to a total of 410,727,706,468,542 SHIB being burnt, leaving 583,377,438,955,666 SHIB in circulation. Despite the burn rate surge, the price of SHIB has decreased by 2.68% in the past 24 hours, falling short of its short-term target of $0.00002. However, the launch of the Ethereum ETF could potentially reverse this downward trend and help Shiba Inu recover its losses. Other metrics, such as net flows, may also contribute to this potential recovery.