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Shiba Inu’s burn rate spikes to over 1000%; will SHIB switch sides?

Over 1 billion SHIB has been burned in the last 24 hours. SHIB has been on a downtrend, and its bearish trend has continued. Shiba Inu recently experienced an unusually high burn rate, which hadn’t been observed for some time. This burn rate coincided with ongoing discussions and excitement about the Shibarium, driven by recent developments.

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