Will Shiba Inu's price fall due to a 99% token burning rate? Discover the impact of token burning on SHIB's value and potential price fluctuations.
Shiba Inu (SHIB) price has experienced a 1.5% growth in the past 24 hours, reaching $0.00001299. Despite this increase, a significant decrease in one of Shiba Inu’s key indicators, the token burning rate, may pose a challenge to this recovery trend. Token burning rate has dropped by 99.44% in the last 24 hours, affecting the supply reduction mechanism designed to increase value. This sudden decrease raises doubts about investors’ commitment to the long-term token burning plan. At the time of writing, Shiba Inu is trading at $0.00001299, indicating a 1.5% daily growth.
