<ul><li>The Shiba Inu burn rate has surged by 7,240%, resulting in the burning of over 1.1 billion SHIB tokens in just 24 hours.</li><li>The surge in the burn rate was driven by an anonymous wallet address responsible for over 95% of the burn, sending 1 billion SHIB tokens to a dead wallet.</li><li>The reduction in circulating supply of SHIB tokens has increased the possibility of a price surge for the meme coin.</li><li>Despite the increase in burn rate, the price of Shiba Inu has declined, presenting buying opportunities for investors looking for long-term growth potential.</li></ul>

Shiba Inu Burn Rate Explodes 7,240% With 1.1 Billion Tokens Burned In 24 Hours, What’s Driving It?

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