SHIB Market Value Surpasses $15 Billion, Accelerated Burn Aids Long-term Value Increase

Recently, the burn rate of SHIB (Shiba Inu) has significantly accelerated, becoming the focus of market attention. Data shows that its burn volume has skyrocketed by 6220% in just a few days. From an initial total supply of 999 trillion, 410 trillion have been burned, reducing the circulating supply to 541 trillion.

1. The Significance of Token Burning

• Improved Supply and Demand Relationship: As the burn volume increases, the total supply of SHIB continues to decrease, creating greater space for price growth.

• Enhanced Deflationary Mechanism: The burn mechanism promotes SHIB's transition from an inflationary token to a deflationary token, which helps attract long-term investors.

2. Current Market Performance

• Market Value Surpasses $15 Billion: With strong community and ecosystem support, SHIB's market value has stabilized among mainstream cryptocurrencies.

• Surge in Burn Rate: The accelerated burn is expected to alleviate circulating supply pressure, providing momentum for future market performance.

3. Investor Focus Points

• Long-term Value: The burn mechanism and reduced supply may have a positive impact on SHIB's long-term value.

• Short-term Volatility: Market sentiment fluctuations should be monitored to avoid chasing prices due to excessive expectations.

Summary:

The accelerated burning of SHIB injects new momentum into its market performance, but its huge circulating supply still requires long-term continuous burning to support greater price increases. Investors need to rationally assess its potential value.