Shiba Inu’s Burn Rate soars 8,470%: Why it keeps burning billions—And what it means for investors

Shiba Inus (SHIB) burn rate has surged by a staggering 8,470% after an anonymous wallet transferred 1 billion SHIB tokens to a burn address. This large-scale burn, along with additional community efforts, aligns with Shiba Inu's long-term strategy to reduce its token supply. The increased scarcity could potentially boost SHIB's value, but investors should exercise caution and conduct thorough research before making decisions.