Shiba Inu Burn Rate Soars by 612% as SHIB Struggles for Stability

Amid market consolidation, the Shiba Inu (SHIB) ecosystem faces new challenges in its quest for balance. The burn rate surged by an impressive 612% overnight, standing out as the sole metric showing growth. According to Shibburn, over 3 million SHIB tokens were transferred to inactive wallets, reflecting the community's dedication to reducing the token's supply.

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