Shib is doing fine. A pullback is a temporary pause or dip in an asset's overall trend. It was started by Bitcoin. The term is sometimes used interchangeably with 'retracement' or 'consolidation'. However, a pullback should not be confused with a reversal, which is a more permanent move against the prevailing trend.
Recall that Lucie, the Shiba Inu ecosystem marketing specialist, revealed last week that part of Shiba Inu’s meteoric surge in the previous bull run materialized even before Vitalik Buterin’s historic burn. She anticipated a similar performance now that the asset records periodic burns.
According to a 2022 publication, a Shiba Inu community member, ‘Queenie’ on X (formerly Twitter) created a hypothetical estimation of the total amount of Shiba Inu tokens that could be burned through the burn portal in a year. According to Queenie, Shiba total supply could be reduced by over 111 trillion in a “bad” year.
Do your own research DYOR please.
