The Shiba Inu burn rate has surged by 1300%, with over 30 million tokens removed from circulation in a single day. This development fuels speculation that SHIB's price could soar to $0.000081, as predicted by a leading crypto analyst.
Shiba Inu Tokens Burned at Record Pace! 🚀
According to data from Shibburn, on February 27, the SHIB burn rate skyrocketed by 1306%. This means that 30.15 million tokens were sent to an irreversible address, permanently reducing the circulating supply.
Why does this matter? 🔥
Burning tokens decreases the total supply, which can lead to higher prices due to reduced availability. This mechanism is a crucial part of SHIB’s tokenomics, aiming for long-term price appreciation.
How Many Tokens Have Been Burned So Far? 📉
The total number of burned SHIB tokens now stands at 410.74 trillion, while the circulating supply remains at 584.32 trillion. In February alone, 257.65 million tokens were burned, reinforcing the ongoing trend.
These figures boost investor confidence, as reducing available supply could drive SHIB’s price higher over time. Despite ongoing market uncertainty, the Shiba Inu community remains bullish.
Will SHIB Reach $0.000081? 🤔
Currently, Shiba Inu is trading at $0.00001469, reflecting a 3% increase. The token has fluctuated between $0.00001377 and $0.0000147 throughout the day.
Interestingly, SHIB has outperformed Bitcoin and Ethereum, both of which have experienced significant downturns due to concerns over new tariffs introduced by Donald Trump. Meanwhile, meme tokens built on Ethereum have remained resilient.
🔍 Crypto analyst Javon Marks highlighted that SHIB is still holding onto a key breakout level from late 2022/early 2023. Based on historical trends, he predicts a 450% surge, projecting SHIB to hit $0.000081.
Shiba Inu’s Bullish Outlook Continues! 🐶💎
Despite market volatility, investors remain optimistic about SHIB’s future. The combination of accelerated token burning, positive technical indicators, and increasing demand suggests the potential for further price growth.
📈 Will Shiba Inu hit $0.000081? What do you think?
#SHIB , #Shibarium , #CryptoNewss , #burning , #CryptoMarket
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