🚀 $SHIB Burn Rate Surges 5,000% – Can It Fuel a Breakout? 🔥
The $SHIB community has ignited another major burn wave, with burn rates skyrocketing 5,000% in late February! On Feb 27, a staggering 31.5M $SHIB were burned, following a 2,000% spike on Feb 14 that saw 14M tokens destroyed.
However, early March has shown mixed momentum:
📈 Mar 1: Burn rate up 177.83% (26.5M SHIB burned)
📉 Mar 2: A 42.87% drop (15.2M SHIB burned)
So far, over 410T SHIB have been burned, yet the price remains in the $0.00001362 - $0.00001587 range. With a massive 589T total supply, scarcity effects are still limited.
🔥 Community-driven initiatives like Shib Torch continue to drive burns, and X (Twitter) buzz hints at a potential breakout—but will burns ramp up again?
What’s your price prediction for SHIB? 📊⬇️