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**Shiba Inu (SHIB) Burn Rate Falls to Lowest Level in Weeks**
The price action of Shiba Inu (SHIB) has been quite volatile recently, with the token experiencing significant fluctuations. However, despite this, it appears that the burn rate of SHIB has taken a surprising turn.
According to recent data, the burn rate of SHIB has plummeted to its lowest level in weeks. This could potentially signal a shift in sentiment and might even attract more investors back into the space.
As reported by our sources, the burn rate of SHIB is currently averaging around $2 million per day, which is significantly lower than any recorded data over the past few weeks. This comes as a surprise to many traders who had expected a continued decline due to the current market conditions.
At this point, it’s unclear what has caused such a drastic change in the burn rate. However, given the recent developments and trends we’ve witnessed in other meme coins, this could be an indication that sentiment is shifting towards SHIB.
While we cannot confirm this for certain, any potential reversal of the current bearish trend could potentially lead to a rebound in the price of SHIB.
Source: u.today
