Shiba Inu (SHIB) Burn Rate Skyrockets by 4,411.52%, Sparking Price Reaction
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The Shiba Inu (SHIB) cryptocurrency has experienced a significant surge in its token burning mechanism. Recently, the SHIB burn rate saw an unprecedented increase of 4,411.52% within a 24-hour timeframe.
This massive increase in the burn rate has drawn considerable attention within the crypto community, leading to a noticeable impact on the SHIB price.
Token burning is a process that removes tokens from circulation, potentially increasing the value of remaining tokens due to decreased supply. SHIB’s remarkable burn rate uptick has ignited discussions concerning its future market performance.
Source: en.coinotag.com ↗
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