Shiba Inu Burns 51 Million Tokens: Shiba Inu Price Prediction 2025 Revealed

Shiba Inu, one of the most popular cryptocurrencies, burned 51.5 million tokens last week, according to data from Shibburn.com. But could this contribute to a significant increase in the Shiba Inu price?

While this token burn represents another step in the deflationary process that Shiba Inu is undergoing, the total value of the tokens burned is only $1,030.45 at current prices. When compared to Shiba Inu’s massive market cap of around $12.9 billion, this impact is minimal. Token burning is a common strategy used to reduce the total supply of a cryptocurrency, theoretically increasing its scarcity and value. However, the small nature of this burn suggests that its immediate impact on the Shiba Inu price trajectory is minimal. However, there may be more factors at play behind the scenes. $BTC

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