Could the $SHIB burn rate increase be tied to the most recent PolyNetwork hack?
tokens being sold off, creating significant selling pressure on the market. Nonetheless, despite this setback, the token has demonstrated resilience, with its price maintaining the usual level of $0.0000075.
This stability in price, despite the increased selling pressure, is indicative of solid liquidity of Shiba Inu on the market. The increased burn rate, combined with this display of resilience, could potentially set the stage for a significant price surge in the near future. However, it is important to closely follow the outcome of the most recent hack and track wallets associated with the exploiter.
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