Shiba Inu Burn Rate Rockets 6000% Sparking Optimism Over SHIB Price Rally
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Shiba Inu's burn rate soared 6000% today, glimmering hope for future price movements.
Shiba Inu's burn rate spiked slightly above 6000% today, June 25.
As the meme coin's supply takes a hit, market sentiments turn optimistic.
SHIB price noted a significant upturn, with further bullish market dynamics glimmering hope for the meme coin.
The self-proclaimed Dogecoin killer Shiba Inu once again piqued significant investor interest despite today’s sluggish crypto market. Intriguingly, the meme coin’s price soared, defying broader market trends, primarily attributable to a 6000% upswing in its burn rate.
Data from the tracker Shibburn shows over 10 million SHIB burnt over the past day, reverberating optimism for the coin’s future across the broader industry.
