Key Notes

SHIB trades near $0.00001220, down 3% this week but eyed for a 17x surge.

The token burn rate jumped over 6,260% in just 24 hours.

4.55 million SHIB tokens were destroyed permanently in the past day.

Canine-themed meme coin Shiba Inu SHIB $0.000012 24h volatility: 1.5% Market cap: $7.22 B Vol. 24h: $153.25 M is currently trading near $0.00001220, down around 3% in the past week, yet analysts are pointing to a potential 17x surge.

This optimism comes as the token’s burn rate went up by over 6,260% in just 24 hours.

According to data from Shibburn , more than 4.55 million SHIB tokens were permanently destroyed in the past day.

In total, over 410.75 trillion SHIB have been burned since launch, reducing the circulating supply to about 589.24 tri

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