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Shiba Inu Burn Rate Skyrockets Massive 972%, Here’s SHIB Price Reaction
December 28, 2024 – 11:59
A significant increase in the Shiba Inu burn rate has sent shockwaves through the cryptocurrency community. According to recent data, the burn rate has skyrocketed an astonishing 972%. This sudden surge has left many investors and analysts alike wondering how this might impact the price of SHIB.
As we all know, the burn rate is a critical metric that helps track the number of tokens being burned or eliminated from circulation. In other words, if more SHIB tokens are being destroyed than created, it could be an incredibly bullish sign for the asset’s future prospects.
Source: u.today
