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Shiba Inu Burn Rate Surges 5400%, Traders Look Forward to a Rally
The market has witnessed a significant surge in the Shiba Inu (SHIB) burn rate, with a staggering increase of 5,440%. This monumental growth has left many traders optimistic about the token’s potential for a rally.
As the price rebounds from a strong support level at $0.012833, investors are now looking forward to a potential upward push. The recent surge in SHIB’s long-term supply reduction is expected to have a substantial impact on its value.
The impressive 5,440% increase in the burn rate has led to the removal of millions of tokens from circulation, leading to increased scarcity and subsequently, upward pressure on price.
Source: https://ambcrypto.com/shiba-inu-burn-rate-surges-5440-traders-look-forward-to-a-rally
