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Shiba Inu Burn Rate Spikes 600% Indicating SHIB Breakout Ahead

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Summary
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66% Informative

Shiba Inu burn rate saw a 600% uptick on Wednesday , sparking market optimism.

Recent burn data indicated that over 3 million tokens were taken out of the meme coin’s circulating supply.

At the time of reporting, SHIB price witnessed a 4% uptick in value, reaching $ 0.00002054 .

The burn rate surge came against the backdrop of 3.24 million tokens sent to a null address, thus permanently removing them from the supply.

Market watchers are extensively eyeing the crypto with bullish long-term views.

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