Shiba Inu

The <a href="https://optimisus.com/news/crypto-news/pepes-price-surges-by-over-16-as-meme-coins-rose-with-floki-and-shiba-inu-among-the-top-gainers/" rel="noopener noreferrer nofollow">Shiba Inu</a> community is buzzing with excitement as the burn rate of SHIB tokens has skyrocketed by an impressive 1330%.In just 24 hours, a staggering 34,912,694 SHIB tokens were burned, which is a promising sign for investors. This reduction in supply could enhance the token&#39;s scarcity, potentially driving up its value.Currently, SHIB is trading at $0.00001947, reflecting a 2.36% increase over the past day. The market capitalization has also seen a boost, reaching $11.47 billion, which is a 2.28% rise, indicating growing confidence among investors. Additionally, trading volume has surged to $634.89 million, marking a significant 21.91% increase, showcasing heightened interest in the token.On the technical side, the daily chart reveals that SHIB&#39;s 9-day moving average is currently above the 21-day moving average, hinting at a bullish crossover that could lead to further price increases.

SHIB burn rate jumps by 1330%, burning over 34 million tokens

Optimisus

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