SHIB Burns Jump 750% As 17,127,069 SHIB Get Kicked Out of Circulation
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The Shiba Inu (SHIB) cryptocurrency community has executed a significant token burn, removing 17,127,069 SHIB tokens from circulation. This represents a 750% increase in burn activity compared to previous periods, potentially impacting the token's scarcity and value.
March 31, 2025 | 10:45 am
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POSITIVE IMPACT
Massive token burn might create short-term price pressure by reducing circulating supply, potentially attracting speculative trading interest.
Large token burns can create scarcity, potentially driving up token value due to reduced supply. The 750% increase in burn rate signals strong community engagement.
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IMPORTANCE 75
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