Shiba Inu Burn Rate Soars 250% Signaling SHIB Price Breakout Ahead?

The renowned dog-themed meme coin SHIB has again sparked substantial investor optimism as 2024 comes to a close. On Tuesday, market data flagged a roughly 250% uptick in the Shiba Inu burn rate, adding bullishness to the coin’s future movements as the supply takes a hit. In turn, market participants are now anticipating phenomenal gains in the asset ahead, with many believing that SHIB price is readying for a breakout.