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Shiba Inu’s burn rate skyrocketed by 3,194% in the last 24 hours, with over 521.6 million SHIB tokens permanently removed from circulation. Despite this surge, the token’s price remains under pressure, reflecting the challenges of its massive supply.
- A single wallet burned over 500 million SHIB tokens, driving the 24-hour burn rate up by 3,194%.
- Despite aggressive burns, SHIB's massive 589 trillion circulating supply limits price impact.
- Community speculation hints at upcoming announcements from Shytoshi Kusama that could influence SHIB's price.
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