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Shiba Inu Burn Rate Jumps 1020% Amid Fresh Supply Reduction Efforts

Guavy AI Editorial Team
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SHIB
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Shiba Inu's daily burn rate has increased dramatically by over 1,020% after approximately 20.95 million tokens were permanently removed from circulation within a 24-hour period.

The latest burn surge has sparked renewed interest in supply reduction, but Shiba Inu still needs stronger demand to convert this into a sustained price move.

Shiba Inu is currently trading at around $0.00000513 with a public value of approximately $3.02 billion, and its 200-day moving average is near $0.00000537.

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