๐ฅ๐ถ *Shiba Inu Burn Rate Hits 0% โ No SHIB Burned in 24 Hours* โ๐ฅ
Something unusual just happened in the Shiba Inu ($SHIB) ecosystem โ *not a single token was burned in the past 24 hours*, marking a *100% reversal* in its burn rate. ๐ณ๐
๐งฏ What Does This Mean?
- Shiba Inu has a *community-led burn mechanism* aimed at reducing supply and boosting value over time.
- But for the first time in a while, *no SHIB was sent to the dead wallet*, suggesting a *pause in community or project-driven burns*.
๐จ Why This Matters:
- *Burn activity is a key sentiment indicator* for SHIB. When enthusiasm is high, burns increase.
- A sudden drop to 0 could signal:
- Weak community engagement ๐
- Lack of coordinated burn events or low transaction volume
- Traders sitting out due to broader market uncertainty
๐ Analysis:
- *Short-term bearish* โ low burns = less supply reduction = less upward price pressure
- But this could also be *just a pause* before a major coordinated burn or utility event ๐
๐ฎ Whatโs Next?
If SHIB developers or the community donโt revive burn momentum soon, price pressure could stay to the downside or sideways. Watch for:
- New SHIB utility announcements
- Whale activity
- SHIB:ETH and SHIB:BTC strength
๐ญ Until then, SHIB remains in โwait-and-watchโ mode.
