SHIB’s burn rate recently skyrocketed by a remarkable 254,078%, wiping out 5.63 billion tokens in a single day...
burn rate recently skyrocketed by a remarkable 254,078%, wiping out 5.63 billion tokens in a single day. However, despite this aggressive burn, SHIB only saw a modest 3.03% hike on the price charts. It was trading at $0.00001781 at press time.
Furthermore, the RSI was positioned near 52.5, indicating a neutral position—Neither overbought nor oversold. However, net network growth registered a slightly bearish note at -0.23%, indicating limited new address activity. However, the lack of a strong price action alongside this uptick suggested that traders are still uncertain about a clear directional trend.
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