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Shiba Inu Burns 51,763,782 SHIB as Burn Rate Soars 1068%
The recent significant increase in the burn rate of Shiba Inu has attracted significant market attention. According to data provided by Shibburn, the $SHIB burn rate has increased by 1068%, with 51,763,782 $SHIB tokens being permanently removed from circulation. Over the past week, a total of 2.44 billion tokens have been burned, representing a weekly increase of 10.57%. The recent burn activity represents one of the largest single-day reductions in the $SHIB supply in recent weeks, demonstrating significant community engagement. As a result, the overall market sentiment towards this meme coin has become more bullish amid the law of supply and demand. This change in sentiment is further supported by the impressive trading volume of $SHIB, which has risen over 109% over the previous 24 hours, reflecting a surge in interest from investors.
The recent significant increase in the burn rate of Shiba Inu has attracted significant market attention. According to data provided by Shibburn, the $SHIB burn rate has increased by 1068%, with 51,763,782 $SHIB tokens being permanently removed from circulation. Over the past week, a total of 2.44 billion tokens have been burned, representing a weekly increase of 10.57%. The recent burn activity represents one of the largest single-day reductions in the $SHIB supply in recent weeks, demonstrating significant community engagement. As a result, the overall market sentiment towards this meme coin has become more bullish amid the law of supply and demand. This change in sentiment is further supported by the impressive trading volume of $SHIB, which has risen over 109% over the previous 24 hours, reflecting a surge in interest from investors.
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