Shiba Inu Burn Rate Surges Dramatically, But Price Remains Muted
2025-07-08 13:38:26
Main Idea
The Shiba Inu (SHIB) token burn rate has surged dramatically, but the price remains stagnant despite these deflationary efforts.
Key Points
1. The Shiba Inu burn rate increased by over 10,786%, with more than 9.5 million SHIB tokens burned recently.
2. Despite the high burn rate, SHIB's market price has remained stagnant, hovering around multi-month lows.
3. Approximately 88% of SHIB holders are currently 'Out of the Money,' meaning their holdings are at a loss.
4. The token faces strong resistance at key technical levels, such as the 26-day exponential moving average (EMA) around $0.0000118.
Description
The Shiba Inu (SHIB) community has recently witnessed an extraordinary surge in its token burn rate, with millions of tokens being permanently removed from circulation. Despite this significant deflationary activity, the price of the popular meme coin has yet to reflect a substantial upward movement, leaving many investors questioning the immediate impact of these efforts. … Continue reading "Shiba Inu Burn Rate Surges Dramatically, But Price Remains Muted" The post Shiba Inu Burn Rate Surges Dr...
Latest News
- Ethereum Reserves Surge to $6 Billion as Institutions Pivot from Bitcoin to ETH2025-07-18 11:05:34
- Crypto Market Edges Closer to $4 Trillion Valuation Amidst Bullish Momentum2025-07-18 10:15:21
- SEC Considers “Innovation Exception” to Foster Crypto Tokenization2025-07-18 07:10:43
- Stellar (XLM) Leaves XRP Behind with Stunning 63% Weekly Surge2025-07-18 06:13:27
- BNB Breaches $700, Yet Market Bulls Remain Cautious2025-07-18 05:42:30