Unusual Slowdown in SHIB Burn Rate

Over the past 24 hours, the burn rate of Shiba Inu (SHIB) has shown an unusual anomaly. Following last week’s rally, no new SHIB tokens have been sent to the burn wallet for the past two days. According to Shibburn data, zero Shiba Inu were burned in the last 24 hours, marking a rare cooling period for the community.

Community’s Role in Shiba Inu Burn Rate

The last 24 hours have been relatively uneventful for the Shiba Inu ecosystem, with prices down and no new tokens burned. The total burned SHIB remains steady at 410,737,062,511,061 tokens, indicating the continuous pressure for a substantial reduction in circulating supply. Despite the launch of the Shibarium burn portal, token burns are still largely driven by community contributions. However, no one has taken the initiative to send SHIB to the burn wallet in the last 24 hours.

This is an uncommon trend for a token where even modest contributions can significantly reduce the circulating supply. Like other burn events where zero SHIB are burned, this is potentially a temporary lull.

SHIB Price Outlook

The Shiba Inu token is currently in the red zone, as many altcoins pull back from last week’s gains. At the time of writing, the token has dropped 1.67% in the past 24 hours to $0.00001679. Last week’s sell-offs have led to a steeper decline of 4.84% over the past month.

If the Shiba Inu burn rate picks up in the coming days, it could positively impact the token's price. Currently, the goal is to reach a minimum price level that could trigger a potential rebound.

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