$SHIB 【Crypto World】SHIB's burn rate suddenly accelerates. In the past 24 hours, the burn rate skyrocketed to 3915071.74%, removing 21.6 million SHIB from the market at once. In total, over 410 trillion SHIB have been burned.
But what's interesting here is — the price actually fell. SHIB decreased by 1.5% during the same period, dropping to $0.00000738. This defies conventional supply and demand logic. Usually, large token burns push prices higher, but SHIB's performance has been the opposite. What could be the reason behind this? Recently, there has been frequent whale trading activity, market sentiment is rather indifferent, and investors are reacting冷淡 to the burn actions. It seems that relying solely on burning tokens to stimulate the price has already lost its effectiveness.
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$SHIB 【Crypto World】SHIB's burn rate suddenly accelerates. In the past 24 hours, the burn rate skyrocketed to 3915071.74%, removing 21.6 million SHIB from the market at once. In total, over 410 trillion SHIB have been burned.
But what's interesting here is — the price actually fell. SHIB decreased by 1.5% during the same period, dropping to $0.00000738.
This defies conventional supply and demand logic. Usually, large token burns push prices higher, but SHIB's performance has been the opposite. What could be the reason behind this? Recently, there has been frequent whale trading activity, market sentiment is rather indifferent, and investors are reacting冷淡 to the burn actions. It seems that relying solely on burning tokens to stimulate the price has already lost its effectiveness.