Shiba Inu saw its biggest rise since February 2022 as of the end of July, up 13.04 percent. Given the amount of land yet to traverse, one may argue that the Shiba Inu burning had a negligible effect. Although 5.3 billion SHIB appears to be a significant sum, it only represents SHIB burnt at a cost of roughly $64,000.
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Over 5.3 Billion Shiba Inu Tokens Burned Since July – Clout News
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Cryptocurrency Shiba Inu Up More Than 4% In 24 hours