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Shiba Inu Price Rallies 3.1% Amid Token Burn Surge and Whale Activity

Guavy AI Editorial Team
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SHIB
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Shiba Inu's price gained 3.1% over approximately 39 hours without any major news catalyst.

The rebound is attributed to several on-chain signals, including a surge in token burns and whale activity, as well as increased Shibarium network activity.

Token burn activity has accelerated sharply, with a report showing a 618% increase in the daily burn rate over recent days.

This removal of tokens from circulation reinforces the scarcity narrative surrounding Shiba Inu.

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