Shiba Inu (SHIB) has experienced a significant drop in its burn rate, raising questions about its impact on the token's price. Despite recent community efforts, the 90.69% decrease in burns over the past 24 hours has sparked concern. While SHIB's price remains under pressure from the broader crypto market downturn, whale activity persists, suggesting potential long-term value. However, the question remains whether burn initiatives can overcome the prevailing market sentiment.
Shiba Inu ’s recent downtick in burn rate sparks speculation as the price remains under pressure amid a crypto crash.has seen fluctuations in its burn rate recently, with a dramatic 90.69% drop in burns over the last 24 hours.
With 2025 approaching, many are questioning whether the burn efforts, combined with whale activity, can generate long-term value or if broader market conditions will continue to overshadow these efforts.For context, burn rate refers to the pace at which tokens are permanently removed from circulation, which reduces the overall supply. In theory, this mechanism drives up demand. However, recent data has triggered concerns.
Despite this, weekly burns presented a different story, showing a modest 4.5% increase with 65.19 million SHIB tokens burned over the past week. Despite a minor uptick of 1.69% over the past day, broader market sentiment remained subdued. The token’s declining RSI signaled bearish momentum.
SHIB Shiba Inu Cryptocurrency Burn Rate Whale Activity Price
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