“SHIB: Unleash $SHIB Price Recovery: 5 Ways to Tame Market Volatility Despite Mass Burning of 66 Million Coins?
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“SHIB
SHIB Price Collapses as 66 Million Coins Burned Out of Circulation
On Thursday, SHIB printed a 9.19% surge. In both cases, the prominent meme coin has been following the price trajectory of the flagship cryptocurrency Bitcoin. The recent surge is surprising given that SHIB’s price had been plummeting in the days leading up to this sudden turn around.
However, this development might be short-lived as SHIB’s price collapsed on Thursday after 66 million coins were burned out of circulation. This significant event sent shockwaves throughout the crypto market, leaving many wondering what will happen next.
Despite the recent surge, SHIB’s price has been under pressure in the past few days, with investors seemingly losing interest in the asset.
Source: u.today
