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Big NEWS:๐ฅ SHIBA INU PRICE CRASHES AS WHALES DUMP AND BURN RATE FADES ๐ฅ๐ฅ๐ฅ
#SmartInvesting ๐๏ธ
#shibaInu ($SHIB ), once hailed as the โDogecoin killer,โ has taken a steep hit this week, with its price crashing amid a flurry of negative signals. The token, known for its vibrant community and meme-powered momentum, is now facing tough headwinds as whales offload large amounts, the burn rate declines, and Shibariumโs growth shows signs of slowing.
One of the biggest drivers behind SHIBโs price drop is the activity of whale investorsโlarge holders who control significant portions of the supply. Recent data shows that several whales have been selling off millions, if not billions, of tokens, creating downward pressure on the price. This mass sell-off suggests a growing lack of confidence among major stakeholders or profit-taking before further declines.
At the same time, Shiba Inuโs much-hyped token burn mechanism has seen a noticeable slowdown. The burn rateโwhich is key to reducing supply and supporting long-term valueโhas dropped significantly, weakening one of the communityโs strongest deflationary narratives.
To add to the woes, growth on the Shibarium blockchain, which was launched to expand SHIBโs utility beyond memes, has also cooled. Sluggish transaction volumes and lower user adoption are raising concerns about the projectโs ability to deliver sustainable value in the DeFi and Web3 space.
Despite these setbacks, the SHIB community remains active and hopeful. While short-term pain is clear, supporters believe the project still has long-term potentialโespecially if development regains momentum and market sentiment shifts.
For now, investors should remain cautious as SHIB navigates a critical phase in its evolution.