Burn rate of Shiba Inu sees 241.86% increase in last 24 hours
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Despite the recent surge in token burning activity, questions linger regarding whether this development will be sufficient to reverse the downward trajectory of the SHIB price. While token burns can certainly inject bullish momentum into a coin, their impact is often influenced by a multitude of factors, including market sentiment, investor confidence and broader industry trends.
In the end, all eyes remain on Shiba Inu as the community closely monitors further developments. The SHIB army awaits whether the substantial burn rate surge for the With over three years of immersive experience in the crypto industry, Mushumir is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance.
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