Shiba Inu Celebrates Festival of Fire With Hundreds of Millions of SHIB Burned

Shiba Inu's most recent surge in burned tokens is great support for price

token witnessed a rapid price increase on the market, gaining more than 35% since the beginning of its local recovery. This bullish trend is not just a random occurrence but a testament to the recovery of the old school meme coin market.

Diving deeper into the price performance, the past month has been a roller coaster for Shiba Inu. Starting from July 1, 2023, the token was trading at a modest $0.0000075. However, as the month progressed, especially after the Festival of Fire, the token saw a steady rise, peaking at $0.00001 on Aug. 11, 2023. This represents a significant jump and showcases the positive market sentiment around

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