$SHIB

Deflation is a key to growth

Must burn more

The shib community is very strong

It’s good to hold it for the long term

There are three factors that may contribute to the recovery of Shiba Inu Coin

Three factors that may drive SHIB's recovery are:

On April 16, the Shiba Inu token burn approached a key milestone, removing over $9 billion worth of SHIB from circulation.

Currently, SHIB's market value to realized value ratio (MVRV) is within opportunity territory on both the 7-day and 30-day time frames.

SHIB holders have been realizing losses, totaling $45 million throughout April, suggesting the meme coin may be capitulating.

Data from Shibburn shows that the Shiba Inu token burn removed approximately $9 billion worth of SHIB from the supply, reducing the amount of SHIB in circulation and generally easing selling pressure on the meme coin.