Shiba Inu Burn Rate Surges Amidst Market Turbulence
In a market that has seen its fair share of ups and downs, the Shiba Inu community has witnessed a notable uptick in the cryptocurrency's burn rate, a development met with mixed reactions amidst ongoing price volatility. Over the last 24 hours, an impressive 81% surge in the burn rate was recorded, resulting in approximately 4.64 million SHIB tokens being removed from circulation, an activity valued around $105. This jump in the burn rate comes on the heels of a mere 1.9 million tokens being burned the previous day, highlighting a potential shift in holder sentiment or strategic moves by participants within the Shiba Inu ecosystem.
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