The Burning Rate of Shiba Inu Soars, But the Price Needs a Stimulus Factor
The Shiba Inu ecosystem has activated its deflationary mechanism, with the token burning rate soaring by 222% in just one day. This move has permanently removed over 140 million SHIB from circulation, actively reducing the total supply. Such aggressive tokenomics strategies are designed to create scarcity, which traditionally supports price increases.
However, the market value of $SHIB has yet to respond positively, highlighting that supply reduction alone is not an immediate stimulus factor. A sustainable price increase may require a combination of this deflationary pressure and a positive shift in broader market sentiment.
Currently, this surge reflects the community's strong commitment to the long-term value of the asset, paving the way for potential growth as market conditions improve.$SHIB #BTC