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Coin Edition 2024-07-12 17:10:00

Shiba Inu’s Burning Question: Will Token Burns Drive Price Higher?

Shiba Inu has captured market attention with its latest burn of 71.18 million (worth $1,151) SHIB tokens across seven transactions earlier today. According to data from SHIB burn tracker Shiba Inu, this burn caused a 4,000% surge in the token’s burn rate, surpassing previous records. Token burning involves permanently removing tokens from circulation by sending The post Shiba Inu’s Burning Question: Will Token Burns Drive Price Higher? appeared first on Coin Edition .

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