Shiba Inu Burn Rate Plunges 98% $SHIB What's Going On With SHIB?
Shiba Inu’s burn mechanism has taken a sharp dive! In the past 24 hours, only 223,914 SHIB tokens were burned a massive -98.89% drop compared to previous sessions.
This dramatic decrease raises some serious questions among SHIB holders and the community. Just weeks ago, on May 1, 2025, the SHIB army incinerated 284 million SHIB, causing the burn rate to spike over 38,000% in a single day. What changed?
Even more intriguing an anonymous wallet previously torched 1 billion SHIB in a single transaction, showcasing the community's power when united.
With the price struggling to maintain support levels, and Shibarium burns not delivering big numbers lately, is the SHIB burn narrative losing steam?