Krutika Adani
Shiba Inu saw the burn rate surge to 15 million tokens on 25 September 2024, marking a 770% increase over past-day levels.
The increase in burn rate is expected to fuel investor sentiments taking the crypto above $0.00002.
Further, besides the high burn rate, Shiba Inu has been witnessing strong on-chain developments and high interest from whales among several other factors.
Shiba Inu has been in a consolidation phase under $0.00001578 above which it price could break out anytime.