$SHIB burn rate exceeds 1,000% rise in the last 24 hours, but the price performance of the token raises questions
tokens have been removed from circulation, and the overall number of burned tokens is still rising. The 700% rise occurs amid SHIB's reversal from the important resistance level.network is the result of increasing activity on the blockchain.
As more users transfer, pay or utilize Shiba Inu in any way, more tokens are sent to the burn address, where they are going to stay for good.As we have mentioned numerous times, at least a 100 million SHIB burn per day would be enough to slowly push Shiba Inu to scarcity and notably decrease the pressure on the token's market performance.
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