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CryptoIntelligence 2024-07-07 16:29:00

Shiba Inu (SHIB) Surges 6.5% Amidst Increased Burn Rate and Whale Activity

Over the past few days, Shiba Inu (SHIB) has experienced significant price swings, reflecting the overall cryptocurrency market’s ebb and flow. However, in a notable turn of events, SHIB has managed to recover by 6.5% within the last 24 hours, bringing its current trading price to approximately $0.00001637. This resurgence is especially significant as SHIB had faced a considerable decline, aligning with trends seen in Bitcoin and other major cryptocurrencies. A closer analysis of SHIB reveals that the cryptocurrency’s burn rate has markedly increased, soaring almost 800% in just 24 hours, Investing Insider reported. This equates to approximately 18 million

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