#TradingStrategyMistakes 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 increases in a single day recently.

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

Although the burn rate in 24 hours has spiked, 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 limiting factor in creating a sustainable price increase effect for SHIB.