Shiba Inu (SHIB), the popular dog-faced meme coin, has once again drawn massive attention within the crypto community due to its recent developments. As reported by Shibburn, a platform that tracks SHIB token burns, the burn rate of Shiba Inu saw a dramatic increase of over 310% on Friday, May 31. This substantial rise in the burn rate has generated market enthusiasm among traders and investors.
![Shiba Inu Burn Rate Spikes 300%, Will SHIB Price Rebound? Shiba Inu Burn Rate Spikes 300%, Will SHIB Price Rebound?](https://cnews24.ru/uploads/8ab/8abc8fa1799ca400bd855bb8e4d6ad83a19c4ed5.jpg)