CandleFocus

SHIB Burn Rate Surges 2200%, Shiba Inu Coin Eyes Parabolic Rally Ahead?

The latest data on the burn rate of the meme coin Shiba Inu has generated positive sentiment among investors. The burn rate of the token increased by 2200% on Thursday, leading to anticipation of a potential price rally for Shiba Inu. This optimism is fueled by optimistic on-chain metrics and the overall bullish trend in the cryptocurrency market.

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