Shiba Inu Burn Rate Spikes 3,652% In 24 Hours: Can SHIB Hold its 40% Gains?
Shiba Inu (CRYPTO: SHIB) burn activity spiked 3,652% in 24 hours as the token holds onto a 40% rally off June lows, with global search traffic hitting a three-month high. Burn data from Shibburn shows activity spiked 3,652% in the past 24 hours and 1,408% over the past 30 days, with the acceleration picking up again after burns had cooled back to pre-rally levels following SHIB’s 44% move off the June low.