In a noteworthy gust of developments witnessed across the Shiba Inu ecosystem recently, the SHIB burn rate surge recorded by the meme coin’s burn tracker appears to be propelling market optimism for the token, SHIB. As per the data hovering over the crypto horizon, SHIB’s weekly burn rate surged 75.01%, with the community’s massive transfer to a dead wallet surfacing today, February 23.
Meanwhile, the meme coin traded in the green as of press time, aligning with the community’s massive incineration of SHIB. However, with the derivatives data showcasing a drop in open interest and volume, a sentiment showcasing limited investor enthusiasm prevails within the broader crypto market, with small amounts of money leaving the market simultaneously.
Nonetheless, with the community’s recent advancements and colossal burning of tokens weighing in, the SHIB price appears to be posied for a run to $0.0001 ahead.
SHIB’s Burning Saga: Jacking Up Tokenomics
The Shiba crypto community intr
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