Shiba Inu has seen an impressive recovery in its burn rate after recording a slow start to the week. The recent acceleration could suggest that investors are once again rousing and choosing to actively contribute to the reduction of supply which could lead to an increase in price. Shiba Inu Burn Rate Rises 627% Thursday, September 21, has proven to be one of the best weeks for the meme coin in terms of its burn rate. According to Shiba Inu burn tracking website Shibburn, the cryptocurrency saw a 6277% jump in its burn rate in the space of 24 hours. Related Reading: Is Cardano (ADA) The Worst Investment Of 2023? Here’s What The Data Says This acceleration in the burn rate has seen more than 194 million tokens incinerated in the one-day period across multiple transactions. A number of these transactions carried reasonable amounts of tokens in the millions. However, one transaction stands out as the major reason behind the spike in burn rate. Burn rate up 627% in one day | Source: Shibburn A single transaction was seen carrying over 137 million to ..
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 Burn Rate Sees Exponential 627% Jump){kind=link}