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ShibaInu Burn Rate Jumps 83,891% as 85M $SHIB Destroyed, Price Rises 5%

An unknown user burned a significant number of ShibaInu tokens, triggering a 5% price increase.

SHIB

Summary

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Terms & Concepts
  • Burn Rate: A metric showing the rate at which tokens are removed from circulation, indicating deflationary trends.
  • Token Burn: The process of permanently removing tokens from circulation, reducing overall supply.