Shiba Inu Burn Rate Increases 300% Amidst SHIB ETF Excitement: Approaching $0.0001 Within Reach?

Shiba Inu Burn Rate Increases 300% Amidst SHIB ETF Excitement: Approaching $0.0001 Within Reach?

Shiba Inu’s burn rate has witnessed an uptick, soaring by 300% in the past 24 hours as network activity increases due to the positive price performance.
This increase comes amidst excitement in the community about a possible SHIB ETF, which could attract billions of dollars to the token.
Shiba Inu’s burn rate has been one of the key SHIB price drivers, helping the Dogecoin rival expand its adoption and drive investor interest. The burn rate has recorded an uptick today, surging by around 300%, driven by network activity and positive performance by the network’s native token, SHIB.
According to data provided by Shibburn, a platform that tracks SHIB token burns, the burn rate has increased by 300% in the last 24 hours. This brings the total amount of SHIB to 410,723,398,490,001 SHIB.  The increase comes as little surprise, with the network and its Layer 2 solution platform, Shibarium, witnessing an increase in activity. According to data from Shibariumscan, daily transactions on t

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