The Shiba Inu meme coin is gathering immense momentum in the crypto space. It has seen a peak in market cap and innovative price predictions, making it a formidable contender of Dogecoin. People are taking notice of the potential of SHIB, evidenced by the staggering 3.30 trillion SHIB withdrawn from exchanges, with an evaluated value of $28 million, as shared recently by Ali, a crypto trader. As people wait eagerly for the launch of Shibarium, the burn rate of Shiba Inu have grounded to sudden drop. Reportedly, only 50 million SHIB have been transferred to dead wallets in the past 24 hours. That is a decline of 36.5%.
