Shiba Inu (SHIB) Burn Rate Jumps 120% as Sell-off Deepens, What's Next?

Shiba Inu (SHIB) incinerates over 97 million tokens in quiet fight for recovery

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As far as the Shiba Inu ecosystem is concerned, the burn rate feature remains the only consistent positive metric that may have an underlying impact on the future valuation of the asset. With a consistent number of tokens now moved away from circulation, the scarcity of the meme coin is inflamed, serving as a buying basis for investors keeping track of its performance.over the past few weeks and is notably fueling the slight resilience of SHIB as the bears continue their sell-offs. At the time of writing, the price of Shiba Inu is Looking ahead, Shiba Inu is aiming at making a full recovery and charting an ambitious growth path forward. Having slumped as much as 4.

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