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coinpedia 2024-12-26 05:06:42

Shiba Inu Burn Rate Soars, Rally Hopes Ignite

The post Shiba Inu Burn Rate Soars, Rally Hopes Ignite appeared first on Coinpedia Fintech News Shiba Inu’s burn rate spiked nearly 100%, with 6.26 million SHIB permanently removed from circulation, sparking optimism for price growth. The Christmas launch of “SHIB: The Metaverse,” featuring Chainlink CCIP for multi-chain functionality, and hints of the upcoming TREAT token have fueled bullish sentiment. Whale activity also added excitement, as 2.88 trillion SHIB, worth $65.7 million, was accumulated from BTCTurk. Despite current price volatility at $0.00002293, analysts project a rebound to $0.000029, driven by supply reductions, strong community engagement, and advancing ecosystem developments.

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