$SHIB burn makes a comeback with enormous 10,000% rate increase in the last 24 hours
One of the potential reasons for the increase in burning volume is the recent price performance of. The asset has been experiencing a solid performance on the market since the beginning of the year and has gained more than 70% to its value, becoming one of the strongest performing assets in the market. The rising demand for the asset, coupled with its increasing popularity, has likely contributed to the increase in the burning rate.
Despite the most recent reversal from the top, SHIB may still continue moving upward, and its increasing burn rate could be a reflection of growing interest in and support for the asset. The rising popularity of the asset, coupled with its strong performance and high level of network activity, may suggest a bright future for the meme currency.
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