$SHIB 🔴 Has Shiba been burned? Really?

Yes, massive amounts of SHIBA INU coin have been burned recently 🔥

📌 In just one day, over 600 million SHIB were burned in a single transaction, causing the burn rate to jump by about 16,700%!

📌 Over the week, the total amount removed from circulation reached 616 million SHIB.

📌 With all that, the total burned since the launch of the coin until now has exceeded 410 trillion SHIB out of a quadrillion, meaning about 41% of the total coin has been permanently burned.

🟡 What’s the goal of the burn? To reduce the number of coins available in the market so that the price rises over time due to reduced supply.

But honestly...

Despite the huge amount of burning, the price dropped by about 5% right after the operation 😅

This confirms that the price is affected by other factors as well, such as liquidity, speculation, and market news.

🧠 In summary:

Yes, there is actual burning happening in large quantities… and this is a positive thing in the long run, but don’t expect the price to skyrocket overnight ✋