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SHIB Burn Rate Spikes 4500%, Shiba Inu Coin To Set Go Parabolic? Coingape 28 11月 2024

SHIB Burn Rate Spikes 4500%, Shiba Inu Coin To Set Go Parabolic? 🔥

SHIB Shiba Inu

The Shiba Inu coin experienced a notable increase in its burn rate, soaring by 4500% on Thursday. This significant rise in the burn rate led to more than 50 million SHIB coins being removed from circulation, impacting the market dynamics.

Such a substantial reduction in the circulating supply of the Shiba Inu coin demonstrates the potential for increased value, as a dwindling supply often leads to an upward pressure on prices. Market participants are closely monitoring this development.

With the burn rate spiking and the supply decreasing, the possibility of a bullish trend for the Shiba Inu coin is on the horizon. The meme coin’s performance over the intraday period also reflected this strong market sentiment.

出典: coingape.com ↗

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