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Shiba Inu Burn Rate Jumps 800%, SHIB Price Recovery Looms?

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Summary
Nutrition label

63% Informative

Shiba Inu burn rate surged 800% on Monday amid a broader crypto market downturn.

Roughly 6 million tokens were removed from the meme coin’s circulating supply in the past 24 hours .

Meme crypto market wanes ahead of the January 29 FOMC, with market participants reflecting a cautious approach to risk assets.

The meme coin's marketing lead, LUCIE , has taken to X amid the market crash, stating that “ The Shib Ecosystem is still building strong”.

VR Score

43

Informative language

31

Neutral language

24

Article tone

formal

Language

English

Language complexity

44

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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