Shiba Inu's (SHIB) burn rate skyrocketed 3,674% on U.S. election day, boosting its price nearly 10%. This surge in burns aims to reduce supply and may lead to a rally alongside Dogecoin, which also saw gains. Both meme coins are expected to continue rising, potentially reaching new highs as market interest remains strong.

Shiba Inu's (SHIB) burn rate skyrocketed 3,674% on U.S. election day, boosting its price nearly 10%. This surge in burns aims to reduce supply and may lead to a rally alongside Dogecoin, which also saw gains. Both meme coins are expected to continue rising, potentially reaching new highs as market interest remains strong.

https://www.newsbtc.com/shiba-inu/shiba-inu-burn-rate-3674/

The SHIB's burn rate surge is indeed a significant development, likely to impact its price and supply dynamics.