Shiba Inu News: SHIB Burn Soars 200%, Price Rally To $0.01 Imminent?

Shiba Inu, one of the most prominent meme coins functioning atop Ethereum, once again curated a tidal wave of speculations across the broader crypto market on Friday, following a colossal surge witnessed in its burn rate. As per Shiba Inu’s burn tracker Shibburn, a whopping 7.64 million SHIB was incinerated over the past 24 hours, nabbing significant attention globally. As a result, the burn rate soared to 191.69%, as per market charts. Meanwhile, the meme coin traded primarily in the green as of press time, mirroring today’s surge in its burn rate.