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Shiba Inu Burn Rate Spikes Over 10000% After A Day Of Massive Pullback

The SHIB token burn rate shoots up by 10960.22% over the previous 24 hours. Within the last 24 hours, there were 57 transactions and a collective burn of 934,428,791 SHIB tokens. The largest transaction was 924,150,949 SHIB tokens, burned by Koyo Token. The cryptocurrency’s low price and high circulating supply have made it accessible to a broader range of investors, leading to increased demand and liquidity. Another factor contributing to SHIB’s success is its decentralized exchange (DEX), ShibaSwap. ShibaSwap has seen significant growth in its trading volume and liquidity since its launch, attracting more investors to SHIB and driving up its value.

(By Shourya Jha)

Shiba Inu Shiba Inu $0.00
-1.39%
Shiba Inu SHIB
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