Shiba Inu

<ul><li>Shiba Inu community burns 122.10 million tokens, hiking the burn rate by a staggering 1146.71% to enhance SHIB tokenomics.</li><li>Shiba Inu faces a price decline after the massive token burn, pushing the price to $0.00000832 and market cap to $4.9 billion.</li><li>Shibarmy Scam Alerts warns of increasing Telegram scams targeting Shiba Inu users, urging caution in financial dealings.</li></ul>The cryptocurrency world is abuzz with the latest developments around <a href="https://cryptotale.org/?s&#61;Shiba&#43;Inu" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB), a popular digital currency often dubbed as the Dogecoin-killer. The Shiba Inu community has initiated an aggressive token burning strategy, significantly boosting the burn rate by 1146.71% in just 24 hours, according to data by <a href="https://cryptotale.org/?s&#61;Shibburn" rel="noopener noreferrer nofollow">Shibburn</a>, a SHIB token supply and burn dynamics provider. This move has sparked widespread interest and speculation in the crypto sphere, especially in light of the SHIB token&#39;s fluctuating price dynamics.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/40f2385b6caa4d449f3c8e15f0fc275f.png" />In a bid to enhance SHIB&#39;s tokenomics, the Shiba Inu community has taken to reducing its circulating supply by burning tokens. According to Shibburn <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">data</a>, approximately 122.10 million tokens were burnt recently, contributing to a staggering total of 410.66 trillion tokens eliminated from the initial supply. Despite this massive burn, SHIB&#39;s price surge has remained moderate, indicating a complex interplay between supply, demand, and market perception.Read full article <a href="https://cryptotale.org/massive-1146-71-increase-in-shib-token-burn-rate-shakes-crypto-market/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

Massive 1146.71% Increase in SHIB Token Burn Rate Shakes Crypto Market

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