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🔥 Shiba Inu (SHIB) token burn rate has increased by nearly 500% in the last 24 hours to reduce its supply and increase its value.

📈 The 7% increase in SHIB price can be attributed to this increased activity, the general rise in the cryptocurrency market, and other factors.

- The second largest meme cryptocurrency, Shiba Inu (SHIB), has experienced a significant revival in its burning program.
- The burn rate increased by nearly 500% in the last 24 hours, leading to the destruction of more than 30 million tokens.
- This mechanism aims to reduce the large supply of SHIB and make the asset more scarce and valuable over time.

- Shibarium was officially launched in August 2021 and is designed to provide a scalable, efficient and low-cost transaction environment for SHIB transactions and decentralized applications (dApps) within the Shiba Inu ecosystem.