Millions of SHIB Set Ablaze, Will Price Recover?

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Millions of SHIB Set Ablaze, Will Price Recover?
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About 80 million SHIB tokens have been sent to dead wallets overnight

Based on the current statistics, a total of 85,194,367 SHIB tokens have been set ablaze and sent to dead wallets to tighten the deflationary grip of the meme coin. An intriguing disposition to this token-burning event is that a dominant address has been quite committed to the burn-off in the past 24 hours as tranches of tokens are inflamed.Besides this highly tracked deflationary metric, Shiba Inu is currently succumbing to bearish pressure, which has seen its price drop as much as 3.

Shiba Inu's growth outlook is now highly synonymous with the performance of Shibarium, whose future at this time remains highly uncertain. With the core team led by Shytoshi Kusama

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