Shiba Inu Price Drops 4% as Burn Rate Plummets 91%: What's Happening with SHIB?

Shiba Inu (SHIB) is experiencing volatility as its price has dropped by 4% alongside a significant slump in its burn rate. In a surprising twist, Shiba Inu’s (SHIB) burn rate just nosedived – and not by a little.

We’re talking about a dramatic decline of 91.74% in the last 24 hours, according to Shibburn data. That’s a sharp hit to what Shiba Inu has also drastically fallen in its burn rate metric and sliding prices. According to the details from Shibburn, the burn rate has dropped by -91.74% in the last 24 hours. During this period, only 1.9 million SHIB were sent to dead addresses.

This massive decrease in the burn rate, combined with the price dip, has raised concerns among investors. Data from Shibburn shows that approximately 4.2 million SHIB have entered burn addresses. But how does this affect the future of SHIB?

Hac3 días Large SHIB holders pull back sharply as liquidity shrinks, but analysts say ecosystem growth and long-term token burn plans may offer upside potential. BTC $ 107,473.43. While the immediate picture looks concerning, some analysts believe the Shiba Inu ecosystem's ongoing development and longer-term token burn strategies might offer a path toward recovery.

Is this a temporary setback or a sign of further challenges to come? Keep following for updates on the Shiba Inu price and burn rate.