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Shiba Inu Coin soars over 10,000%, amidst token scam warnings

Shiba Inu (SHIB) has seen its burn rate increase by over 10,990% in the past 24 hours, with 21,435,658 SHIB tokens removed from circulation. The goal is to reduce the supply to increase value. However, the SHIB community is being warned about scams related to new projects on ShibaSwap DEX.