🚨 Shiba Inu in Trouble? SHIB Burn Rate and Fees Plunge! 🔥

Shiba Inu ($SHIB ) is facing turbulence as its burn rate and Shibarium fees decline sharply. The sudden 98% drop in burn rate—with only 507,123 SHIB burned in the last 24 hours—has left the community on edge.

📉 Current SHIB Snapshot

• Price: $0.00002229

• 24H Trading Volume: $638.55M

• Market Cap: $13.14B

• Circulating Supply: 589.26T SHIB

🔍 Key Concerns for SHIB Holders

1️⃣ Burn Rate Crash:

A burn rate plummeting by 98% reduces the deflationary effect, impacting long-term value.

2️⃣ Falling Shibarium Fees:

• Average fees on Shibarium have dropped from 0.0004 to lower levels this month.

• Total Value Locked (TVL) on Shibarium has slipped to $3.55M from over $6M just weeks ago.

3️⃣ Bearish Sentiment:

Analysts are eyeing $0.00001590 as a potential downside target, which aligns with its lowest level on October 25.

🔥 What’s Next for SHIB?

While the current outlook is bearish, volatility is the name of the game in crypto. SHIB has proven its resilience before, and its community-driven ecosystem could spark a comeback.

🧭 Tips for SHIB Investors

• Monitor Metrics: Keep an eye on burn rates, fees, and TVL for signs of recovery. 📊

• Stay Updated: Follow $SHIB’s performance on Binance for real-time data and potential opportunities.

• Diversify: Explore other ecosystem projects like Shibarium’s dApps for broader exposure.

💡 Can SHIB turn things around, or will bears take over? Only time will tell—but the Shiba Inu community has seen its share of comebacks before.

👉 Track $SHIB on Binance and make your move wisely! 🚀

#Write2Earn #cryptouniverseofficial #shiba⚡ $SHIB