Shiba Inu burn rate surges by 500%, rare price increase potential emerges
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According to CoinWorld, Shiba Inu's burn rate soared by over 500% within 24 hours, with a single transaction burning 10.49 million SHIB, bringing the total permanently removed supply to 410.75 trillion tokens. Nevertheless, SHIB's circulating supply remains massive, exceeding 585 trillion tokens. Due to increased selling pressure and reduced whale activity, SHIB's price dropped by 5.1% to $0.000007181.
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