This is a news story, published by CoinGape, that relates primarily to SHIB news.
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Shiba Inu burn rate surgeCoinGape
•Business
Business & Economics
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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