After experiencing a decline in price, altcoin Shiba Inu (SHIB) is showing signs of a trend reversal. The coin's daily burn rate, a deflationary metric, has increased significantly. In the past 24 hours, 14,217,643 SHIB tokens were burned, with the largest amount burned by one wallet. Despite low daily burn numbers, the consistent burn rate is seen as a positive for the Shiba Inu community. The ultimate goal for SHIB is to decrease the total supply and increase its value. The coin has plans to become a decentralized autonomous organization (DAO) and introduce a developer toolkit for the ecosystem, potentially driving utility and price growth.



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