Shiba Inu (SHIB) burn rate surges nearly 70,000%: Will this trigger the long-awaited price explosion?

Shiba Inu (SHIB) burn rate surges 68,000%! In 24 hours, the Shiba Inu community destroyed 7.6 million SHIB tokens, attracting the attention of the cryptocurrency community.

The main destruction came from two wallets, of which the "0x60" wallet burned more than 5 million SHIB. The move is intended to reduce circulation and increase scarcity, but the market price has not yet been significantly reflected.

At the same time, Lucie, the social media director of the SHIB team, shared insights on the potential of SHIB ETFs, calling on financial institutions to recognize the "unique value" of SHIB.

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