'Dogecoin Killer' Shiba Inu's Fourth Birthday Ignites Burn Rate By 936%: 'Focus On Long-Term Development,' Marketing Lead Says
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) celebrates its fourth birthday with a 936% spike in its burn rate, removing 8.1 million SHIB from circulation in the past 24 hours. The marketing lead emphasized long-term development amid market volatility.
August 01, 2024 | 12:09 pm
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Shiba Inu (SHIB) saw a significant 936% increase in its burn rate, removing 8.1 million SHIB from circulation in the past 24 hours. The marketing lead highlighted the importance of long-term development amid market volatility.
The significant increase in the burn rate reduces the circulating supply of SHIB, which could positively impact its price in the short term. The marketing lead's emphasis on long-term development may also boost investor confidence.
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IMPORTANCE 80
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