14 Million $SHIB Burned: Impact on Price Dependent on Macro Trends

The Shiba Inu ($SHIB) community recently conducted a significant token burn, removing over 14 million tokens from circulation. While such actions aim to increase scarcity and potentially fuel price growth through deflationary mechanisms, experts caution that they alone are not sufficient for price surges. The success of $SHIB’s price movement hinges on broader market dynamics, not solely on supply-side interventions.