Shiba Inu’s witnesses have a 1300% increase in burning speed.
According to the data from Sheeburn, On November 9th, Shiba Inu's burning rate increased by 1323.66%, due to the loss of 34.91 million tokens. As a result of this massive increase in burn rate, the total supply of Mem Token has decreased to 589.26 trillion SHIB. 110.64 million coins have been burned in the last seven days. The whale movement supports optimism for SHIB's future price movements. This situation continues to give memecoin a positive outlook.