Shiba Inu Burns Record Amount of Tokens, Sparking Market Debate

Shiba Inu (SHIB) has experienced a significant surge in token burning activity in the past 24 hours, generating renewed interest in the popular meme coin. Despite this dramatic rise in burn rates, SHIB prices are experiencing a decline, sparking market speculation about why price gains haven’t materialized despite decreasing supply. When analyzing historical performance and broader market trends, Shiba Inu presents both optimistic and concerning possibilities.