๐ฅ SHIBA INU ($SHIB ) ON THE VERGE OF A BREAKOUT? MAJOR BURN RATE SHIFT SIGNALS A PRICE SURGE! ๐๐ฅ
The SHIBA INU community is on fire with its deflationary mechanism in action! ๐ Over the past 24 hours, 2,242,442 SHIB tokens were burned, reflecting an 81.06% reduction in burn rate. On a weekly scale, 87,892,567 SHIB were sent to dead wallets (-96.91%), showcasing a calculated supply control by the SHIB army.
๐ HOURLY SHIB UPDATE
โข Price: $0.00002865 (24hr: +3.65%)
โข Market Cap: $16.89B (+3.63%)
โข Volume: $831.44M (-23.47%)
โข Total Supply: 589,257,293,677,689
The burn activity aligns with SHIBโs mission to bolster its deflationary mechanism, potentially signaling a price rally as community sentiment grows stronger.
Why the Burn Rate Matters
Burning tokens reduces supply, increasing scarcity over time. Though the burn rate slowed this week, the SHIB price has been rebounding after dipping to $0.00002447, with momentum climbing back toward $0.000032โa critical resistance level.
Whatโs Next for SHIB?
As SHIBโs price stabilizes, market analysts believe a sustained burn effort combined with increasing trading activity could set the stage for new highs. With broader crypto market dynamics showing resilience, SHIB may follow suit in its bullish momentum.
Could SHIBโs burn mechanism fuel the next leg of its breakout? Stay tuned! ๐ฅ
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