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by: xpoolPosted on: May 19, 2025

Shiba Inu Burns Reach New Milestone, Fueling Deflation and Bullish Signals

Shiba Inu (SHIB), the popular meme coin inspired by dogs, witnessed a significant increase in its burn rate over the past 24 hours. Nearly 23 million SHIB tokens were permanently removed from circulation, accelerating deflationary pressure on the asset. This surge was driven by a combination of community-led initiatives and potential strategic burns by large holders.

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