Crypto News1 MIN READ
SHIBBULLISH
Shiba Inu Token Burns: Nearly 3 Billion Tokens Burned, SHIB Up 17%
FG
FOMOGRAM Editorial Desk
Aug 4, 2026
EXECUTIVE SUMMARY
Nearly 3 billion SHIB tokens were burned in a week, the highest rate in a year, leading to a 17% price increase. This reduction in supply is seen as a bullish signal for SHIB's market performance.
Nearly 3 billion SHIB tokens were burned in a week, the highest rate in a year, leading to a 17% price increase. This reduction in supply is seen as a bullish signal for SHIB's market performance.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
Significant SHIB token burns have led to a 17% price increase, indicating strong market demand and potential for sustained bullish momentum.
SHIB OVERALL MARKET INDEX: 87 / 100 (BULLISH)
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