🤔Why Shiba Inu’s 482% burn rate surge wasn’t enough for SHIB’s price

🔥 Shiba Inu’s Burn Rate Surges
Despite a 10% weekly price drop, SHIB's burn rate jumped 482.88% within 24 hours, burning 60,380,203 tokens recently. The ecosystem has burnt a total of 410.7 trillion SHIB, leaving 583.4 trillion in circulation.

📉 Price Volatility
SHIB's price hasn't benefited from the increased burn rate, trading at $0.00001737, down 2.45% in 24 hours. Over the past month, SHIB fluctuated from $0.000012 to above $0.000020, showing market unpredictability.

💼 Ethereum ETF and Whale Activity
The Ethereum ETF launch today could influence SHIB’s market. Increased large holder net flows, particularly negative flows, indicate significant selling by whales, contributing to SHIB's price decline.