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Shiba Inu's Burn Rate Skyrockets by 13,070%! 🔥 410 Trillion $SHIB Gone Forever – Price Surge Incoming?
The memecoin market is on fire as Shiba Inu ($SHIB) sees a massive token burn! According to Shibburn, the top tracker for $SHIB transactions, the burn rate has surged 13,070.90% in just 24 hours!
Key Details:
A staggering 2.25 billion SHIB tokens were burned in a single transaction, sending the burn rate soaring.
410.63 trillion SHIB have now been permanently removed from circulation since the project launched.
Why Does This Matter?
Burning tokens means sending them to a dead wallet, effectively reducing supply. Lower supply can drive higher demand, potentially boosting prices.
What’s Next for SHIB?
While burns can fuel a rally, crypto markets remain unpredictable. Price action depends on market sentiment, global crypto trends, and whale movements. Currently, SHIB is trading at $0.00001696, up 0.60% in 24 hours. Could this burn frenzy push it even higher? 🚀
Pro Tip:
Keep an eye on burn metrics and whale activity. If the community keeps burning tokens, SHIB might break away from the memecoin pack!