SHIB Burn Rate Soars 515%, When Will the Price Take Off?

The SHIB community has launched a burning frenzy, with 72,847,617 SHIB sent to the "virtual furnace" within 24 hours, causing the burn rate to skyrocket by 515%. A single transaction involving the destruction of 70,605,175 SHIB is undoubtedly a highlight, indicating that whale players are also quietly contributing. However, such burning intensity has not been able to break through the key resistance at $0.00002888, with the price retreating to around $0.00002848.

In the past week, the total amount destroyed was only 94 million, indicating that the impact of burning on supply and demand in the short term is still limited. Nevertheless, in the long run, the combination of the burning mechanism and community support may still create rare value scarcity for SHIB.

Although the SHIB price has recently risen by 17%, igniting a real bullish trend requires greater market momentum and a warming of sentiment. Now the question arises, will you choose to wait for the price to rise, or position yourself before the breakout? Opportunities are only for those who are prepared.

Understanding the rhythm of the market is the beginning of controlling wealth! Stay close to Lao Tan, plan ahead, and let the next peak belong to your account! Follow Lao Tan, and never let opportunities slip away!

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