Shiba Inu's burn rate dwindles as trading volume declines, raising concerns. However, amidst it all, active addresses soar, and prices climb.
, a SHIB burn rate tracker, indicated that the burn rate decreased by more than 85% within the past seven days.site, only 360,222 SHIB tokens were burned in the past 24 hours, resulting in an almost -84% burn rate. Also, over 22 hours have lapsed since the last burn. This current burn rate departs from the consistent millions of SHIB tokens burned in previous instances.
Furthermore, a closer examination of the volume metric on Santiment sheds light on a potential cause of the burn rate decline. Analysis of the volume chart indicated a decline in SHIB trading volume. As of this writing, the volume stood at approximately 64.6 million. It represented a significant decrease from the over 100 million volumes recorded around 11 June. This decline in volume implied a decrease in the number of
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