SHIB Burn Rate Sparks Optimism
This is a news story, published by CoinGape, that relates primarily to SHIB news.
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SHIB burn rateCoinGape
•SHIB Burn Rate Surges 2200%, Shiba Inu Eyes Parabolic Rally Ahead?
65% Informative
Shiba Inu's burn rate witnessed a whopping 2200% uptick on Thursday , amid reports of a potential rally in the asset's price ahead.
The meme coin's market supply took a massive hit, igniting investor bullishness on future movements.
Despite the abovementioned burn rate surge, the meme coin’s price fell 2% intraday , although future movements remain bullish in light of recent on-chain stats.
A recent SHIB price analysis by CoinGape Media has added to market optimism surrounding the token.
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