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Shiba Inu’s burn rate is >1000% but SHIB is under $0.001- Here’s why
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Two-thirds, that’s how much of the value of Shiba Inu disappeared so far in 2022. Even the biggest fans of the meme coin aren’t woofing it up much these days.
However, there’s at least one reason for hope. Notably, more Shiba Inu holders are burning their tokens. But the question is- Can Shiba Inu even burn its way to $0.001?
At the time of writing, SHIB struggled to reclaim the lost possession as it suffered a fresh 4% correction on CoinMarketCap. At the time of writing, it traded at the $0.0000109 mark.
The price didn’t look much praiseworthy but SHIB’s community left no stone unturned in burning SHIB’s supply.
Shiba Inu’s burn rate reached triple digits and stood at 1,031% at one moment as highlighted in the tweet below.
<p lang=«en» dir=«ltr» xml:lang=«en»>JUST IN: The burn rate for $SHIB is up 1031% today Read more on ambcrypto.comAbout this in other media
Shiba Inu traders feel the heat despite listing anticipation — What next ambcrypto.com /1 year ago
Shiba Inu Price Prediction - Is SHIB About to Pump This Week? cryptonews.com /1 year ago
Shiba Inu Price Prediction – Will SHIB Reach $1 in 2022? cryptonews.com /1 year ago
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