following a similar trend the day before. This is notable for a community-driven burn process that has typically maintained consistent activity, aiming to reduce SHIB's circulating supply. The total burned SHIB remains at over 410 trillion tokens, a figure many in the community hope to increase to push up the token's value.
This lull could be temporary, and the lack of burn activity may reflect a cooling period in market enthusiasm, especially as Shiba Inu prices have declined by 1.67% over the past day and 4.84% over the past month. The current price is around $0.00001679. Some speculate that if the burn rate resumes or increases, it may positively impact the token’s price, potentially triggering a rebound.
The Shibarium burn portal was introduced to streamline the burn process, yet community engagement remains key to its success. With no new burns recorded, it's a waiting game to see if this pause ends and community members resume their contributio
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