Shiba Inu Burns Surge by Over 1,500%, But Price Remains Unmoved

Shiba Inu’s token burn rate soared over 1,500% in the past day, a significant increase fueled by a single wallet’s massive transaction. This action resulted in the removal of nearly 34 million tokens from circulation, a move aimed at reducing supply and combatting inflationary pressures. However, despite this deflationary measure, Shiba Inu’s price continues to struggle, leaving investors wondering whether supply adjustments alone can spark a recovery amid broader market weakness.