news 
SHIB Burn Rate Jumps 515.33% — Will Price Follow Suit?
The recent surge in the burn rate of Shiba Inu (SHIB) has been nothing short of astonishing, with a whopping increase of 515.33%. This staggering growth is likely to raise more questions than answers for investors and traders alike.
In an unprecedented move, SHIB’s developer team claims that they are regularly transferring around 400 million Shiba Inu to unspendable blockchain addresses each month. It’s unclear why this massive transfer is happening, but it has led to the burn rate skyrocketing as expected.
While many may view this development with skepticism or even alarm, there are some compelling reasons behind SHIB’s actions that might be worth considering.
Source: u.today
