The Shiba Inu burn initiative continues this week but with a drastic decline in volume. The latest figure which shows a decreased participation from investors could have long-running significant implications for the SHIB price. SHIB Burn Rate Drops From 7,700% Spike Over the last 24 hours, Shibburn has shown that the SHIB burn rate has been less than encouraging. The burn tracker revealed a total of 106.72 million tokens burned in the 23-hour period, which is a significant decline of almost 60% from the prior day’s figures. Related Reading: The End Is Near For Trellor (TRB): Crypto Analyst Says Prepare For 50% Drop Now, the interesting thing is not just the fact that the Shiba Inu burn rate plunged but how far it plunged. Coming out of the weekend, the burn tracker had flagged an over 7,700% spike in the burn rate, which makes the current deceleration concerning. Source: Shibburn There were only a total of five transactions that burned SHIB in the last 24-hour period, with one wallet “0x75d9” doing the majority of the work at this time. The wa ..
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