$SHIB

Shiba Inu’s Burn Rate Skyrockets by 424%, Boosting Market Sentiment

In the past 24 hours, Shiba Inu's burn rate has surged by 424%, with around 52.3 million SHIB tokens permanently removed from circulation, Shibburn data reports. Rising token burns can be a strong indicator of bullish sentiment, as a reduced supply helps drive up the price. Whale activity has further amplified this trend, showing high transaction volumes and increasing token demand. Investors are optimistic about SHIB's potential for growth, fueled by these positive market signs.

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