Shiba Inu Burn Rate Soars 222%, But Price Stalls

Shiba Inu’s burn rate has experienced a dramatic surge of 222%, eliminating over 140 million SHIB tokens in a single day. Despite this aggressive reduction, the token’s price remains stagnant at $0.00001043 after a 2.12% dip. While analysts anticipate renewed market conditions could lead to a price rebound, the question of whether the massive burn will ultimately translate into a price recovery remains unanswered. This article analyzes the latest developments and explores potential future scenarios for Shiba Inu.