The *Shiba Inu (SHIB)* community is at it again! 🐕🔥 They’ve ramped up their *burning efforts* to reduce the supply and hopefully drive up the value of SHIB. But here’s the twist – despite the *massive burn*, SHIB’s price has *dropped by over 3%* since Sunday. 🤔 So, what’s really going on? Let’s break it down! 👇
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*🔥 SHIB Burn Rate Shoots Up by 1,190%!*
In the last 24 hours, the *SHIB community* has burned an *impressive 44,011,839 SHIB* tokens. That’s a ton of tokens made permanently unspendable! 💥🔥 Here’s how it went down:
- 🔹 *Biggest burns*: Two anonymous *whales* sent *20.8M SHIB* and *20.4M SHIB* to burn addresses.
- 🔹 *Weekly burn stats*: A total of *82.93M SHIB* have been burned in the past *seven days*.
- 🔹 *Burn rate increase*: The *burn rate* is up by *32.13%* compared to last week. 🔥🔥
That’s a huge increase, right? It looks like the *SHIB army* is serious about cutting down the supply to *potentially boost price*. 💰
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*🚀 What’s Next for SHIB?*
So, with all these tokens burned, is *SHIB’s price* finally going to bounce back? 🤔 Or is the market just *not responding* to the burn efforts right now?
The reality is – *burning tokens reduces supply*, but it doesn’t *automatically guarantee price increases*. 📉 *Market sentiment* and *overall trends* play a much bigger role in determining price.
While the *burn rate* is impressive, the *market conditions* are a big factor. Right now, the *overall market* is facing some dips, and *SHIB* is no exception. 🐾
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*Key Takeaways:*
- 🔥 *Burn rate skyrocketing* with millions of SHIB burned, especially by whales.
- 📉 Despite burns, SHIB’s *price is down* 3% since Sunday.
- 💡 The market is still unpredictable, and burning alone doesn’t guarantee a price surge.
Will *SHIB* continue to burn through the supply and *make a comeback*? Only time will tell, but for now, *the SHIB community is pushing hard* to reduce that supply and hope for the best! 🚀
Stay tuned, and always keep an eye on the market! 👀💹
#SHIB #ShibaInu #SHIBCommunity #TokenBurning #priceprediction
