$SHIB Updates

The burn rate for Shiba Inu SHIB has dropped sharply by 72% in the past 24 hours, sparking unease among investors. This decline coincides with a broader market selloff, which has seen SHIB's price dip by approximately 2% compared to the previous day.

Despite the recent downturn, the SHIB community has successfully burned around 45 billion tokens throughout 2024, showcasing ongoing efforts to reduce supply and enhance long-term value. However, the current slowdown in burn activity could add pressure to SHIB’s price trajectory in the short term.