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Massive 2,133% SHIB Burn Jump Followed by Surprising 10% SHIB Rise
Shiba Inu (SHIB) has just witnessed an astonishing 2,133% increase in token burns, a sudden and unexpected surge that has left the crypto community stunned. As the world’s most popular cryptocurrency Bitcoin (BTC) is still reeling from its recent price spike of 3%, SHIB is now experiencing a remarkable rise of its own.
As per the latest data, over $0.00000546 worth of SHIB tokens have been burned, marking an unprecedented increase in this metric. This massive burn jump has taken many by surprise, and it’s not clear what’s behind such a drastic change.
However, it seems that the market is taking note of this unexpected turn of events as SHIB’s price rose by 10% in just one day, jumping from $0.0000244 to its current value of $0.0000252. This increase has left many wondering whether this token burn surge could be a harbinger of further growth for the popular meme coin.
SHIB’s rise is particularly surprising considering the recent turmoil within the market. Bitcoin, the world’s largest cryptocurrency by market capitalization, had experienced a sudden price spike, rising from $96,000 to nearly $98,950 briefly before retraceing to its current level of $97,950. This volatility has led many to speculate about the potential impact on other cryptocurrencies.
It’s essential for investors and traders to stay informed about the latest market developments, particularly in light of these unexpected events.
Source: u.today
