#TrendTradingStrategy According to data from Shibburn, the Shiba Inu burn rate has surged by 1,900% in just 24 hours. Over 13.5 million tokens have been burned - marking one of the largest single-day increases in recent times.

However, this burn event occurs right at a time when the overall market is showing signs of a bearish reversal and memecoins like SHIB are under greater pressure.

Despite the spike in the 24-hour burn rate, data over the past 7 days presents a contrasting picture.

Notably, the number of tokens burned weekly has decreased by nearly 20%, with just over 552 million SHIB removed from circulation.

In fact, this decline indicates that the long-term momentum of the token burn process is weakening. This is also a factor limiting the potential for creating a sustainable price increase effect for SHIB.