Shiba Inu Burn Rate Goes Parabolic, Yet SHIB Keeps Bleeding: Details
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Shiba Inu recorded its largest token burn in six months, a development in crypto and token burn activity often seen as bullish for SHIB and market sentiment. However, SHIB price remains heavily suppressed in the ongoing bear market and multiple factors point to further short-term downside risk for traders and investors.
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Shiba Inu saw its largest burn in the last six months, which is typically interpreted as a bullish signal.
However, SHIB’s price remains heavily suppressed in the bear market, and multiple factors point to further downside in the short term.
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In This News
Coins
$ 0.00...044
+0.78%$ 0.00...126
+0.96%Predictions Markets
See what traders are focused on
Share:
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