Why Does Shiba Inu Creature Rate Drop With Only 2 Million SHIBs Cremated?
🔥The amount of tokens burned and burns have decreased significantly in the last 24 hours, and the Shiba Inu burn rate has stabilized. This decrease in burn rate may indicate that SHIB users are less interested in reducing the supply of meme money.
🔥Shiba Inu Burn Rate Stops
🔥 The amount of Shiba Inu tokens destroyed to reduce the supply was high at the beginning of the year. Shiba Inu also burned the Ethereum Layer 2 network using Shibarium fees.
🔥SHIB token burning decreased after the market recovered. The volume of incineration deals in recent weeks has fallen compared to the end of last year and the beginning of this year. Burn monitoring service Shibburn recorded only two burns in the previous 24 hours.
🔥Only 2 million SHIB coins were burned the other day; This would be worth $19 at the current value of the token. The previous day's SHIB token burn also matches this statistic, making the difference over the last two days 1.93%.
Burn tracker shows that the meme currency is performing poorly on the weekly chart. Shibburn's official
🔥Shiba Inu owners may be hesitant about burning tokens due to the price increase in the crypto market. SHIB prices are expected to rise rapidly as the market enters an explosive bull market. Therefore, owners may be holding on to their coins in hopes of a price increase.
Shiba Inu is trying to burn more SHIB. Lucie, the team's head of marketing, told Bitcoinist that new NFT project Sheboshi will fund burns for SHIB and others.🔥The team is automating the SHIB burning process by leveraging Shibarium network fees. As this burning process will eliminate billions of tokens each month, the supply will decrease significantly.
