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🥚 = ₿ It's time to break yours. 👉 [Eggdrop Binance](https://www.binance.com/en/my/wallet/account/payment/binancepay/cryptoboxshare?registerChannel=287660009137782784&code=BPRPC9GXR9&_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZER5bmFtaWM9dHJ1ZSZuZWVkTG9naW49ZmFsc2UmdXJsPWFIUjBjSE02THk5M2QzY3VZbWx1WVc1alpTNWpiMjB2ZTJ4aGJtZDlMMjE1TDNkaGJHeGxkQzloWTJOdmRXNTBMM0JoZVcxbGJuUXZZbWx1WVc1alpYQmhlUzlqY25sd2RHOWliM2h6YUdGeVpUOXlaV2RwYzNSbGNrTm9ZVzV1Wld3OU1qZzNOall3TURBNU1UTTNOemd5TnpnMEptTnZaR1U5UWxCU1VFTTVSMWhTT1E9PQ==)
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Shiba Inu (SHIB) Sees Massive Token Burn: Will Price Rebound? In a surprise move, over 24 million SHIB tokens have been destroyed in the past 24 hours, marking a significant surge in the burn rate of the popular meme-inspired cryptocurrency. According to Shibburn, a platform that tracks token burn activity, the burn rate has increased by a staggering 241.86% during this short period. Token burning, which involves removing a certain quantity of coins from circulation by sending them to an inaccessible wallet, is often seen as a bullish indicator in the crypto space. The logic behind this sentiment is that token burns make the coin more deflationary, potentially driving up its value and fostering a healthier ecosystem for the digital asset. However, despite this surge in token burning activity, the SHIB price has not yet responded positively. Currently trading at $0.00002268, the meme coin has experienced a marginal decrease of 0.25% over the past 24 hours and a significant decline of 19.82% over the last 30 days, indicating prevailing bearish sentiment. While the recent token burn activity may inject some bullish momentum into the coin, its impact is influenced by various factors, including market sentiment, investor confidence, and broader industry trends. As such, it remains to be seen whether this development will be sufficient to reverse the downward trajectory of the SHIB price. The SHIB community is closely monitoring further developments, eagerly awaiting whether the substantial burn rate surge will translate into tangible price gains or if additional catalysts will be required to navigate the current bearish sentiment. #Shibalnu $SHIB #altcoins #BlackRock
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