SHIB Burn Rate Soars Over 45,000% In 24 Hours

The burn rate of SHIB, the Shiba Inu token, saw an astonishing increase of 45237.78% in the last 24 hours, with 1,524,520,814 SHIB tokens being burned.

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This burn rate refers to the amount of SHIB tokens taken out of circulation, effectively reducing the supply and potentially increasing the value of remaining tokens.

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The SHIB community has been actively promoting the token and encouraging its use for various purposes, which has led to increased demand and the burn rate spike.

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The official Twitter handle of SHIB, @Shibburn, shared the news with a tweet that has garnered attention from cryptocurrency enthusiasts and investors.

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This trend in the burn rate highlights the rapid growth and potential of the SHIB token in the volatile crypto market.

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Shiba Inu has the current market cap of $6,600,535,106.

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The token's popularity has surged thanks to its meme status and celebrity endorsements, leading to an explosion in trading volume and liquidity.

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