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In a surprising twist, Shiba Inu’s (SHIB) burn rate just nosedivedand not by a little. We’re talking about a nearly 80% drop in just 24 hours. That’s a sharp hit to what According to the latest details from Shibburn, the weekly Shiba Inu burn numbers have gone down to 49,691,122 SHIB in the last seven days. Shiba Inu’s burn rate has fallen sharply by over 100%, sparking fears of an imminent SHIB price crash. On-chain data highlights increased exchange deposits and Shiba Inu burn rate crashed 72% over the last 24 hours fueling market concerns. SHIB price plunged about 2% from yesterday amid a broader market selloff. The The recent plunge in Shiba Inu’s burn rate has raised eyebrows across the cryptocurrency landscape. A staggering 82% drop in the burn rate, as reported by the

Shiba Inu Burn Rate Plummets Amidst Price Drop: Is a SHIB Crash Coming?

Is Shiba Inu headed for a crash? The recent plunge in Shiba Inu’s burn rate has raised eyebrows across the cryptocurrency landscape. In a surprising twist, Shiba Inu’s (SHIB) burn rate just nosedived—and not by a little. We’re talking about a nearly 80% drop in just 24 hours. That’s a sharp hit to what could have been a promising trend.

SHIB Burn Rate Crashes: Details and Data

On-chain data highlights increased exchange deposits and Shiba Inu burn rate crashed 72% over the last 24 hours fueling market concerns. The drop is significant. According to the latest details from Shibburn, the weekly Shiba Inu burn numbers have gone down to 49,691,122 SHIB in the last seven days.

Why the Burn Rate Matters for SHIB

The Shiba Inu community has long relied on the token burn mechanism to reduce circulating supply and potentially increase the value of remaining SHIB. A staggering 82% drop in the burn rate, as reported by the various tracking services, raises serious questions about the project's future.

Price Impact: SHIB Suffers Losses

The concerns about the burn rate are reflected in the market. SHIB price plunged about 2% from yesterday amid a broader market selloff. Shiba Inu’s burn rate has fallen sharply by over 100%, sparking fears of an imminent SHIB price crash. Is this a temporary setback, or a sign of deeper problems for Shiba Inu?

What's Next for Shiba Inu?

The dramatic decline in the Shiba Inu burn rate requires close monitoring. Whether this is a short-term fluctuation or the beginning of a longer-term trend remains to be seen. Investors and enthusiasts alike will be watching closely to see if the burn rate can recover and if the SHIB price can stabilize.

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