Shiba Inu Burn Rate Surges 1300%, Will This Trigger a SHIB Price Rally?

The Shiba Inu burn rate witnessed a staggering 1300% surge on Saturday, fueling market optimism surrounding the meme coin’s future movements. As millions of SHIB were taken out of the token’s total supply recently, investor speculations of a looming price rally prevail in the market. However, despite the intraday burn rate surge, the meme coin’s price showcased turbulence.