14M $SHIB Burned… But Price Dives — Is ETH the Only Hope?
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SHIB Burn 14M Tokens: Predicting Shiba Inu Coin Price
According to CoinMarketCap's live statistics, the Shiba Inu coin price fell 1.70% to $0.00001432 after burning almost 14 million SHIB tokens in 24 hours.
Retail traders' interest may be waning as trading volume dipped to $220 million.
Shiba Inu Token Burns 14 Million—But Price Falls Anyway
Those following Shiba Inu news today know that the community continues to debate burn token usefulness. Recent burn had minimal effect since the circulation quantity is still close to 999 trillion coins and the overall burnt supply is 410.7 trillion tokens.
The market responded poorly despite this much burn every day, raising doubts about why Shiba Inu is sliding and whether the currency has peaked. One of the project's key support methods is slowing the burn rate, which dropped 39%.