The latest SHIB burn rate data has once again sparked noteworthy bullishness surrounding the renowned dog-themed meme coin, Shiba Inu. The token’s burn rate witnessed a whopping 2200% uptick on Thursday, amid reports of a potential rally in the asset’s price ahead. For context, recent on-chain metrics sparks optimism with investors anticipating a parabolic rally ahead for the meme token, primarily in light of the broader sector’s ongoing bull run.
SHIB Burn Rate Surges 2200%, Shiba Inu Coin Eyes Parabolic Rally Ahead?
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