Over 410 Trillion $SHIB Burned — Why Hasn’t the Price Exploded Yet?
Despite over 410 trillion
SHIB tokens burned, including 53 million in the last 24 hours (a +2,416% surge in burn rate), SHIB’s price remains stagnant at $0.00001433, with a slight -1.3% daily decline.
Why the Burn Hasn’t Sparked a Price Surge:
High Circulating Supply: 589 trillion SHIB are still in circulation, muting the burn's price effect.
Lack of FOMO: Without widespread hype, investor momentum is lacking.
Low Demand: Burns alone aren't enough—fresh demand is crucial.
No Major Catalyst: A big event or trigger is needed to launch the next price rally.
What’s Keeping SHIB’s Momentum Alive:
Shibarium: SHIB’s Layer 2 solution continues auto-burning, adding long-term deflationary pressure.
Utility Growth: NFTs, dApps, and new use cases are expanding SHIB's ecosystem.
Partnerships & Listings: Ongoing collaborations keep the community engaged.
#SHIBArmy: A passionate and persistent community still believes in SHIB’s future.
SHIB may need a strong catalyst or major demand spike to truly ignite. Until then, the groundwork for long-term growth is being laid.
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