Here's a concise summary of the recent Shiba Inu ($SHIB )
burn rate activity:

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Shiba Inu (SHIB) Burn Rate Soars 243.34%, But Price Remains Sluggish

Shiba Inu (SHIB) has ramped up its deflationary burn mechanism, removing over 1.7 million tokens from circulation in the past 24 hours, according to Shibburn. This marks a 243.34% surge in the burn rate, a key strategy to stabilize prices by reducing supply.

Despite this significant burn activity, SHIB's price remains down by 2.76%, trading at $0.00002109. However, market volume surged by 31.11%, reaching $538.36 million, signaling heightened activity as the year ends.

The burn mechanism's impact on SHIB's price stability continues to play a crucial role in its long-term prospects.

#SHIB #ShibaInu #CryptoNews🚀🔥V #SHIBBurns #DeflationaryMechanism

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