SHIB Token Burn Rate Up 1500%

SHIB Burn Rate Jumped Up To 1500%

The burn rate of Shiba Inu tokens has soared by 1439.92% in the last 24 hours.

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A total number of 16,399,176 $SHIB tokens were burnt in the last 24 hours.

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This significant increase suggests a strong movement towards reducing the total supply and potentially increasing the value of the remaining tokens.

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However, the price of $SHIB has decreased by 2.19% to $0.00001007, and the market cap has also decreased by 2.11%.

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The process of burning has direct implications on the token supply and subsequently, has possible effects on the price.

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The trading volume for the past 24 hours is $122,407,122.

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Despite the decrease in price and market cap, the high burn rate indicates a positive sentiment among investors and enthusiasts towards the Shiba Inu project.

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