Recently, the SHIB market has experienced significant fluctuations due to large-scale token burns. Some data shows that the SHIB burn rate surged by 416.44%, but the total circulating supply decreased only slightly, with a total of 53,913,481 SHIB being burned and transferred to dead wallets.

Among these, three major transactions involved 14,178,952, 23,068,929, and 11,264,137 SHIB, which led to a 4.8% increase in SHIB's price, rising from $0.00001408 to $0.00001476. At the same time, BTC also rose by 2.43%, breaking through $110,064, boosting overall market sentiment.

The SHIB community continues to reduce supply through burn mechanisms to support the coin price, but increased market volatility has raised concerns about short-term speculation. However, it can be seen that without actual ecological development, relying solely on burns is unlikely to sustain long-term increases. Future attention needs to be paid to supply and demand balance and market reactions. Currently, SHIB's price trend is still affected by both the burning rate and market sentiment, and it may continue to fluctuate in the short term.

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