2 Billion Shiba Inu Burned Over Past Week, Here's How SHIB Price Reacts

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2 Billion Shiba Inu Burned Over Past Week, Here's How SHIB Price Reacts
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The SHIBcommunity keeps up the astonishing weekly ShibaInu burn rate. shibburn $SHIB

Last week, large burns demonstrated by the SHIB army coincided with bullish price movement. However, by now, that growth has been largely reduced.Over the past seven days, the circulating amount of SHIB has been reduced by a total of 2,072,114,690 Shiba Inu, taking 290 transactions to achieve that.

were sent to dead-end wallets. Active burning done last week has resulted in this impressive outcome.meme tokens were burned, i.e., locked in unspendable wallets. On Sunday, as reported by U.Today, the burn rate was still slightly up over 1,500% after several consecutive days of jumping by thousands of percent.

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