SHIB Burn Rate Skyrockets 4000%: What Does This Mean for Shiba Inu’s Price?

Over the last 24 hours, the Shiba Inu price has dipped by a notable 4.53%, coinciding with an overall market dip, with meme coins averaging a 3.7% decrease. However, the meme coin's burn rate spiked nearly 4000%, garnering noteworthy attention. source: https://cryptonews.com/news/shib-burn-rate-skyrockets-4000-what-does-this-mean-for-shiba-inus-price.htm