Shiba Inu (SHIB) Burn Rate Skyrockets Nearly 70,000%: Will This Trigger A Long-Awaited Price Explosion?

Summary

• The Shiba Inu (SHIB) burn rate has increased by over 68,000% within 24 hours.
• Seven wallet addresses contributed to burning 7.6 million SHIB tokens, escalating the burn rate.
• Despite the significant burn activity, SHIB’s market price has seen a decline.
• The goal of removing SHIB tokens from circulation is to create scarcity and potentially increase long-term price.

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