Shiba

Rally

bullish

Kusama

Shiba Inu

<ul class="wp-block-list news-points">
 <li>Shiba Inu’s burn rate surged by 700%, removing 15 million SHIB tokens from circulation.&nbsp;&nbsp;</li>
 <li>Shytoshi Kusama’s bullish statements at Token2049 and a potential Tron partnership have fueled excitement.&nbsp;&nbsp;</li>
 <li>While SHIB is trading with a 0.18% loss in the last 24 hours, the crypto community braces for further gains.</li>
</ul>
Shiba Inu has gained serious momentum thanks to a massive 700% jump in its burn rate and bullish comments from Shytoshi Kusama at the Token2049 event in Singapore. The SHIB token initially surged over 9% on the news but is currently trading with a 0.18% loss in the last 24 hours as the crypto community anticipates further gains.
According to the Shibburn wallet tracker, Shiba Inu’s <a href="https://www.shibburn.com/" target="_blank" rel="noopener noreferrer nofollow">recent</a> spike in burn rate, up 772%, has removed 15 million SHIB tokens from circulation. This significant reduction in supply has the market eyeing potential gains.
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Most of this burned SHIB (14,980,422 tokens) was sent to an unspendable blockchain address in a single transaction. Additionally, two other transactions saw roughly 100,000 SHIB combined sent to dead-end wallets.
Altcoin Buzz, a crypto analyst, <a href="https://x.com/Altcoinbuzzio/status/1838137481776267285?t=mx_HgzQzw1FFMDg5K_Ch2g&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">predicts</a> a 36% rally, suggesting SHIB could reach $0.00002 if…
The post <a href="https://coinedition.com/shiba-inu-burn-rate-surges-700-price-rally-fueled-by-kusamas-remarks/" rel="noopener noreferrer nofollow">Shiba Inu Burn Rate Surges 700%, Price Rally Fueled by Kusama’s Remarks</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu Burn Rate Surges 700%, Price Rally Fueled by Kusama’s Remarks

Coin Edition

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