Shiba Inu Burn Rate Drops Even When Price Spikes: What's Going On?

Why is the Shiba Inu burn rate dropping despite recent price increases? This is a question plaguing many SHIB investors. Even though the price was evidently rallying recently, with a spike of over 17.29% in the last seven days, the Shiba Inu burn rate has dropped. In fact, the Shiba Inu burn rate drops 100% in the last 24 hours with zero tokens burned.

Price Up, Burns Down: A Disconnect in the Shiba Inu Ecosystem

The current situation presents a confusing picture for Shiba Inu. Typically, when burn rate spikes it often generates the short term bullish sentiment and precedes a price rally. However, the inverse is happening now. We're seeing a price increase without the corresponding burn activity that often fuels it. This raises questions about the sustainability of the current price rally.

Shiba Inu Burn Rate Drops 100%: A Closer Look at the Numbers

The stark reality is that the Shiba Inu burn rate drops 100% in the last 24 hours with zero tokens burned. This is a significant development that warrants attention. What factors are contributing to this dramatic decrease in burn activity?

Holder Sentiment and SHIB's Future

Adding to the complexity, holder data shows 55% of SHIB investors currently underwater on their positions. This suggests that many investors are holding onto their tokens in the hope of future gains. The lack of burning could be a sign that investors are less willing to part with their SHIB, even at current prices. At press time, SHIB price was trading at $0. (replace with current actual SHIB price).

Conclusion: Monitor the Shiba Inu Burn Rate

The disconnect between the Shiba Inu price and burn rate is a crucial indicator for investors to monitor. While the price may be experiencing short-term gains, the lack of burning raises concerns about the long-term sustainability of the rally. Keep a close eye on burn rate trends to make informed decisions about your Shiba Inu investments.