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Shiba Inu Supply Burn: Could a Trillion SHIB Vanish Next?

Author: Content Editor
The SHIB burn rate, which refers to the removal of tokens from circulation, increased by 1,000% recently, significantly impacting the supply of the cryptocurrency. This has led to speculation within the crypto community about the possibility of trillions of tokens being burned in the future. The burn exercise removed 51.76 million SHIB tokens, bringing the weekly burn volume to 2.44 billion tokens. This reduction in supply has sparked discussions about a potential price rally and the long-term effects of the burn strategy. Additionally, the growing adoption of the Shiba Inu ecosystem, particularly Shibarium, has further fueled bullish sentiment among investors. However, despite these positive developments, the price of SHIB has not yet reflected their impact. Some analysts predict that the burn rate could continue to increase, potentially resulting in the burning of trillions of tokens.

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