Shiba Inu Burn Rate Surges but Price Declines
Shiba Inu recently saw an astounding 4,100% increase in its burn rate, removing 21.7 million tokens from circulation. Despite this impressive action, SHIB’s price faced an 11% decline due to broader market volatility and heightened whale activity. The contrast between the burn rate and price performance raises questions for investors. Observing market reactions to these developments is critical. Investors must stay updated on trends impacting Shiba Inu and the overall market landscape.
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