🔥SHIB Burn Rate Soars 38,199,412%: Impact on Shiba Inu Price 🔥

Shiba Inu (SHIB) has experienced an extraordinary increase in its burn rate, jumping by a staggering 38,199,412%. According to Shibburn X, a total of 39,345,498 SHIB tokens were burned in the past 24 hours, marking this massive surge.

📈 Key Highlights:

- Burn Rate Surge:38,199,412% increase in SHIB burns.

- Total SHIB Burned: 39,345,498 tokens in the last 24 hours.

💹 Price Impact Analysis:

- Initial Price Increase: SHIB's price rose with the surge in burn rate.

- Subsequent Pullback: The price then experienced a pullback, suggesting market caution.

🔍 Market Insights:

- Price vs. Burn Rate: The relationship between burning tokens and price isn’t always linear.

- Cautious Market: Investors may be waiting for sustained momentum before making significant moves.

Stay informed as the $SHIB burn rate dynamics continue to unfold!

#CryptoMarketMoves #WBTCUnderScrutiny #SahmRule #Babylon_Mainnet_Launch