Shiba Inu Coin Burn Rate Soars 570% Amid Rally, Where's SHIB Price Heading?

Shiba Inu (SHIB), the popular meme coin, has once again captured the crypto community’s attention with its latest developments. According to Shibburn, a tracker for Shiba Inu token burns, the burn rate for the meme coin surged nearly 570% on Wednesday, May 22. The surging burn rate sparked market optimism among traders and investors.