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SHIB Burn Rate Spikes 4500%, Shiba Inu Coin To Set Go Parabolic?

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Summary
Nutrition label

65% Informative

Shiba Inu burn rate soars 4500% as over 50 million coins were destroyed, while the asset saw another bullish event infold in the market.

The meme coin's intraday movement showcased remarkable gains, pouring additional optimism toward the crypto’s future movements.

Following the token destruction, market supply for the meme coin totaled 589.26 trillion SHIB .

Simultaneously, other bullish events appear to have bolstered the crypto's market standing.

VR Score

45

Informative language

33

Neutral language

34

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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