June 4, 2025

Shiba Inu ($SHIB) Token Burn Rate Soars 12,000% Amid Market Downturn

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The rate at which Shiba Inu ($SHIB) tokens are being burned has jumped 12,000% to 11.9 million tokens at a time in which the price of the meme-inspired cryptocurrency has been dropping amid a wider cryptocurrency market downturn. According to data from Shibburn, a platform dedicated to tracking SHIB burns, the burn rate spiked by

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Source: CryptoGlobe

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