๐ Shiba Inu Burns Millions as Price Surges โ Whatโs Next for SHIB Holders? ๐
๐ฅ 59.4 Million SHIB Burned in One Week
Over the past 7 days, 59,405,917 SHIB were sent to dead wallets, with the biggest burns being 27M, 10M, and another 10M SHIB.
๐ However, the overall weekly burn rate dropped by nearly 42%, showing weaker activity than expected.
๐ On the bright side, the daily burn rate rose 13.7%, but the actual tokens destroyed in 24 hours remain modest at 79,519 SHIB.
What It Means for SHIB Holders? ๐๐ฐ
โ Short-term impact: The burns are positive but too small to affect supply meaningfully right now.
โ Price outlook: Despite weak burns, SHIBโs price momentum is strong, mirroring Bitcoin and Ethereumโs rallies.
โ Investor sentiment: Fedโs hints at lowering interest rates boosted overall crypto confidence, fueling SHIBโs breakout.
๐SHIB Price Follows Bitcoinโs Lead
SHIB spiked 11.52% in a single day, briefly hitting $0.00001350 before a slight pullback.
Currently, SHIB trades at ~ $0.00001318, still up +1.61% with a market cap nearing $7.85B.
โจConclusion
While burns slowed down, SHIB is gaining strength from the broader crypto rally. If Bitcoin continues climbing and SHIB burns regain momentum, holders could see even more bullish action ahead. ๐๐ฅ
