<ul><li>Shiba Inu's burn rate surged by 50,000% in the past 24 hours, with one mysterious user burning one billion tokens.</li><li>The burning mechanism introduced by Shiba Inu has resulted in over 410.7 trillion tokens being sent to a null address.</li><li>The progress of Shibarium, Shiba Inu's layer-2 scaling solution, and the upcoming launch of the DeFi platform Shib Finance are seen as bullish factors.</li><li>Some analysts predict price targets for SHIB ranging from a 115% to 1,100% increase from the current levels.</li></ul>

SHIB Burn Rate Goes Parabolic — What’s Fueling the Fire?

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