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Shiba Inu Burn Rate Plummets 90% – How This Will Impact SHIB Prices in 2025
A sharp decline of 90.69% in Shiba Inu’s burn rate has sent shockwaves throughout the cryptocurrency market, raising concerns about its potential impact on prices in 2025.
According to recent data, the token’s burn rate plummeted over the past 24 hours, sparking speculation about what this means for SHIB’s future performance. The community is abuzz with questions on whether this sudden downturn will result in a price correction or a more drastic shift in momentum.
The latest market data indicates that Shiba Inu has seen an extraordinary drop of 90.69% in its burn rate over the preceding 24 hours, which may have significant implications for the cryptocurrency’s performance moving forward. Despite this reduction in burns, weekly token burning still showed a modest increase of 4.5%, suggesting that community efforts to reduce supply remain active, albeit at a slower pace.
The chart below illustrates the dramatic decline in SHIB’s burn rate:
[Insert Chart]
On the surface, one might expect this steep drop-off to have an adverse impact on SHIB prices, but it is essential to consider broader market factors and whale activity. As we enter 2025, the memecoin will continue to rely heavily on these two elements for its trajectory.
In essence, while the decline in burns may not be immediately bullish, the fact remains that the cryptocurrency’s supply reduction efforts remain ongoing, albeit at a reduced rate.
Source: ambcrypto.com
