Krutika Adani
The massive 106 million burnt tokens have lifted the sentiments in Shiba Inu’s community.
As a result of the surge in burn rates, Shiba Inu’s price has jumped 3% at press time.
Lately, there has been a slowdown in Shiba Inu’s burn rate due to low market activity in June and July.
Shiba Inu relies on its burn rate to keep the crypto deflationary and reduce its 580 trillion token supply.
If the overall markets remain bullish, Shiba could reach its next target of $0.000024 by next month.