• Shiba Inu burn rate drops 90%, raising investor concerns about future scarcity and token value

Shiba Inu (SHIB) recently experienced significant fluctuations in burn rate, which manifested itself in a staggering 90.69% drop in #token burn rate over the past 24 hours.

This event raises important questions about the future of memcoin, especially as 2025 is fast approaching.

To understand the implications of these changes, we need to understand the meaning of burn rate. Burn rate is the rate at which tokens are continuously withdrawn from circulation, effectively reducing the overall supply.

Theoretically, reducing supply should increase scarcity and stimulate demand. However, recent statistics are raising concerns among investors. In the last 24 hours, only 506,465 #SHIB tokens have been burned, a 90.69% decrease from the previous level of activity. This sharp decline contrasts with the surprising 578% surge just 10 hours ago. Despite this brief downturn, weekly burn rates tell a different story: burn activity on the SHIB increased slightly last week, rising 4.5% to 6

This shows that even though burn rates are slowing down, the community is still trying to reduce supply.

Looking at the price trend, SHIB is struggling to maintain the highs reached in November. Memcoin is currently trading at around USD 000002076.

Despite a slight rise of 1.69% over the past day, market sentiment remains generally subdued, reflecting investor uncertainty.

Relative Strength Index (RSI) A decline in the Relative Strength Index (RSI) indicates bearish momentum, while the On-Balance Volume (OBV) indicates stagnant demand. In addition, lower trading volumes indicate weakening interest from retail investors, which could derail any potential price recovery.

The impact of whales on Sibai Inu Whale trading plays an important role in shaping the dynamics of the Sibai market.

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