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SHIB Burn Rate Surges 2200%, Shiba Inu Eyes Parabolic Rally Ahead?

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Summary
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65% Informative

Shiba Inu's burn rate witnessed a whopping 2200% uptick on Thursday , amid reports of a potential rally in the asset's price ahead.

The meme coin's market supply took a massive hit, igniting investor bullishness on future movements.

Despite the abovementioned burn rate surge, the meme coin’s price fell 2% intraday , although future movements remain bullish in light of recent on-chain stats.

A recent SHIB price analysis by CoinGape Media has added to market optimism surrounding the token.

VR Score

45

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34

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26

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formal

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English

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46

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short-lived

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