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SHIB Burn Rate Increases 1,900% – Why Does Price Still Face Risks?
$SHIB
The Shiba Inu (SHIB) burn rate has skyrocketed by over 1,900% in the last 24 hours, but the price of this memecoin continues to show signs of weakness.
Despite millions of tokens being removed from circulation, investor sentiment remains unstable. Notably, some technical indicators are showing the potential for SHIB's price to continue declining further.
The SHIB burn rate has surged but has not improved market confidence.
The Shiba Inu (SHIB) burn rate has skyrocketed by over 1,900% in the last 24 hours, but the price of this memecoin continues to show signs of weakness.
Despite millions of tokens being removed from circulation, investor sentiment remains unstable. Notably, some technical indicators are showing the potential for SHIB's price to continue declining further.
The SHIB burn rate has surged but has not improved market confidence.
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