The burn rate of Shiba Inu has surged to an impressive 3,484% in the last 24 hours, removing over 537 million SHIB coins from circulation.
As a result, the price of SHIB has risen by 4% in the last 24 hours, raising its market capitalization to over 7.2 billion dollars.
This is a considerable rebound considering the sharp decline of 10% in the last two days, amid the volatility of the cryptocurrency market following the conflict between Israel and Iran.
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