Shiba Inu, the popular meme-themed cryptocurrency, has generated positive sentiment among global investors through its token burn process. According to weekly burn data released on Saturday, approximately 3 billion tokens were removed from circulation. This development has heightened market expectations surrounding the meme coin, with investors aiming to reach record levels in the near future.

Shiba Inu Achieves 3 Billion Tokens Burned This Week

According to data shared by the official tracker Shibburn, the Shiba Inu community successfully burned 2.83 billion tokens over the past week. This significant token burn has led to a 60% increase in the weekly burn rate. Additionally, intraday burn data showed a 400% increase with the burning of 267.14 million tokens.

SHIB ($0.00) Price Surges Expected

Shiba Inu’s total supply has now reached 589.25 trillion SHIB. This considerable reduction in supply has boosted market optimism in accordance with the law of supply and demand. During this period, the SHIB price increased by 5% on a daily basis, reaching $0.00003156. Weekly and monthly gains of 16% and 68%, respectively, have strengthened up...