Shiba Inu to go Ballistic as Whales Hoard Billions of SHIB Amid 7,200% Burn Spike

Shiba Inu (SHIB) has hit its lowest level since August 2 at $0.0000118, raising various concerns. However, on-chain data suggests key signals point to a potential rebound. Shiba Inu’s burn rate has skyrocketed 7,200%, signaling a massive reduction in circulating supply. For a token with SHIB’s enormous supply, such a surge in burns often acts