SHIB Burn Skyrockets 7400%: Price to $0.0004?

The post SHIB Burn Skyrockets 7400%: Price to $0.0004? appeared first on Coinpedia Fintech News

Shiba Inu’s weekly burn rate surged 7,400%, with nearly 2 billion SHIB tokens removed from circulation, fueled by executive Kaaldhairya burning 80M tokens. This significant supply reduction has sparked optimism for a potential price rally to $0.0004. Currently trading at $0.00002593, SHIB has seen a 39% monthly gain amid bullish market sentiment. The burn mechanism, coupled with Shibarium’s fully operational bridge, has reinforced community confidence. However, while whale accumulation boosts long-term prospects, breaking the $0.00003 resistance is critical to achieving higher price targets in the near term.