Shiba Inu, one of the most popular meme coins in the cryptocurrency realm, appears to have gained significant traction this week as the token recently embarked on a coin-burning venture. According to numerous reports by CoinGape Media over the past week, the token seems to have noted a colossal upswing in its burn rate, fueling additional optimism for the crypto.
Moreover, according to various pieces of data unveiled by Shibburn recently, the token seems to have noted the aforestated upswing quite a few times over the past week. However, its burn rate noted a downward surge at the time of writing, stirring speculations among market enthusiasts globally.
SHIB Burn Rate: A Closer Look
With the week beginning with Christmas, the SHIB token received its gifts in the form of a whopping 5000% surge in its burn rate on Monday, December 25, propelling immense optimism for the token. Moreover, amid its burn rate surge on Christmas, the token also witnessed a colossal 4 trillion SHIB whale activ
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