Shiba Inu (SHIB) Shows 540% Burn Increase as Breakout Becomes Possibility

$SHIB is successfully fighting the selling pressure and is not leaving its positions around the local resistance level

tracker, the asset saw a 405% rise in the amount of burned tokens in the last 24 hours — though the total amount of destroyed tokens is relatively low.

As the most relevant data suggests, users have sent more than 20 million tokens to the dead-end wallet in the last 24 hours, but the overall number should grow even higher as the day goes by.Traditionally, Shiba Inu's burn rate rises after the weekend trading session, as the overall activity of the network is far lower when traditional markets are closed.

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