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Shiba Inu Burn Rate Explodes by Over 7,000%: Is the SHIB Price Ready to Take off?
- Shiba Inu's burn rate increased by over 7,000%, with over 1.1 billion tokens being burned.
- Shiba Inu's exchange netflow suggests a shift towards private wallets, reducing selling pressure.
- Despite the positive developments, SHIB's price has declined by 8% in the past week.
- Dogecoin (DOGE) has also seen a similar decline in price, but analysts anticipate a potential rally.
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