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Ahmad_Ali77
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Shiba Inu (SHIB) Burn Rate Is Making An Epic Comeback, But There's Something That's Making It Complicated
Shiba Inu (SHIB), the dog-themed meme coin, has launched its deflationary mechanism in the past 24 hours. SHIB recorded a mild burn in a notable move before 2024 left the stage. The project saw over 1.7 million SHIB tokens withdrawn from circulation.
The impact of the burning mechanism on the stability of the SHIB price
Data from Shibburn, an online platform that tracks burn activity on the Shiba Inu network, reveals that the burn rate has increased by 243.34% in the past 24 hours. Specifically, 1,717,872 SHIB tokens were sent to dead wallets.
The impact of the burning mechanism on the stability of the SHIB price
Data from Shibburn, an online platform that tracks burn activity on the Shiba Inu network, reveals that the burn rate has increased by 243.34% in the past 24 hours. Specifically, 1,717,872 SHIB tokens were sent to dead wallets.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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