Massive 7000% Jump in This Shiba Inu (SHIB) Metric: Bull Market Incoming?

TL;DR

• The Shiba Inu burn rate has surged by over 7,400% in the last 24 hours, leading to over 369 million SHIB being removed from circulation.
• The burning program’s intent is to decrease the token’s overall supply, possibly increasing its scarcity and value; the coin’s price has risen by 12% weekly.
• Shibarium, Shiba Inu’s layer-2 scaling solution that launched in August, has quickly gained traction with over 3.5 million transactions and 1.3 million blocks.