Shiba Inu Increases Coin Burn Rate

The Shiba Inu cryptocurrency caught significant attention due to a drastic increase in its coin burn rate. This swift action resulted in 9.5 million SHIB coins being permanently removed from circulation. However, despite this aggressive burn aimed at reducing supply and potentially boosting demand, the price of the altcoin hasn’t shown a corresponding rise. The data indicates that most investors continue to face losses, highlighting a cautious investor sentiment.

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