The popular dog-themed meme coin Shiba Inu (SHIB) has once again attracted the attention of cryptocurrency market participants due to a sharp increase in the asset's burn rate.
According to data from the Shibburn tracker, approximately 33.01 million SHIB tokens have been permanently removed from circulation in the last 24 hours. This is 1550% more than usual. Such a reduction suggests a potential increase in the price of the Shiba Inu meme coin, which typically occurs as supply decreases.
