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Will SHIB Burn Rate Surge Lead to a Price Reversal?

  • Shiba Inu (SHIB) is experiencing a bearish phase despite a surge in its burn rate and increased trading volume.
  • The burn rate of SHIB has increased by 1000%, indicating a significant reduction in its circulating supply.
  • Despite the recent price decline, there is optimism that SHIB's price could see future gains.
  • Analysts suggest that SHIB may experience a potential 100% increase due to the concentration of wealth among large holders.

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