The post Shiba Inu Burn Rate Soars, Rally Hopes Ignite appeared first on Coinpedia Fintech News
Shiba Inu’s burn rate spiked nearly 100%, with 6.26 million SHIB permanently removed from circulation, sparking optimism for price growth. The Christmas launch of “SHIB: The Metaverse,” featuring Chainlink CCIP for multi-chain functionality, and hints of the upcoming TREAT token have fueled bullish sentiment. Whale activity also added excitement, as 2.88 trillion SHIB, worth $65.7 million, was accumulated from BTCTurk. Despite current price volatility at $0.00002293, analysts project a rebound to $0.000029, driven by supply reductions, strong community engagement, and advancing ecosystem developments.