This Shiba Inu (SHIB) Metric Reveals a Whopping 7,000% Surge

In the past 24 hours, more than 369 million $SHIB tokens were burned.This represents a 7,400% increase in the burn rate

In addition, the total supply of $SHIB is also decreasing rapidly! Last week, over 630 million tokens have been taken out of circulation

Shiba Inu's burning program aims to reduce the token supply and potentially increase scarcity and value. The $SHIB price is up by 12% weekly

Besides the token burn, the overall bullish sentiment of the crypto market is also fueling the $SHIB price surge

Another contributing factor is Shibarium, Shiba Inu's layer-2 scaling solution. To date, it has gained over 3.5 million transactions and 1.3 million blocks