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Shiba Inu Burn Rate Spikes 600% Indicating SHIB Breakout Ahead

source-logo  coingape.com 22 January 2025 08:24, UTC

In what comes as a bullish market event, the Shiba Inu burn rate skyrocketed 600% on Wednesday, sparking immense optimism among traders amid a broader sector recovery. Recent burn data indicated that over 3 million tokens were taken out of the meme coin’s circulating supply. As an upshot, crypto enthusiasts expect a massive SHIB breakout ahead, driven by supply reduction and the community’s recent advancements.

coingape.com