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Shiba Inu Burn Rate Skyrockets 981% as 30,067,245 SHIB Vanishes
According to recent data, the Shiba Inu burn rate has seen a staggering surge of 981% since December 2024. This massive increase in burn rate has caused the market to take notice, with many analysts and investors now scrutinizing the impact this could have on the cryptocurrency’s price trajectory.
As of late, Shiba Inu has been experiencing a period of range trading, oscillating between $0.00000915 and $0.00001175 since mid-January 2025. This lack of directional movement has led many to speculate that a break in either direction might shape the cryptocurrency’s price trajectory in the days ahead.
However, the recent burn rate data suggests that Shiba Inu may continue to consolidate within this range before making its next major move. As prices continue to fluctuate, investors should be cautious and not make any hasty decisions without conducting their own thorough research.
Source: Tomiwabold Olajide
Source: u.today
