- Thu Feb 27, 2025 10:20 am
#21670
SHIB Burn Rate Explodes, But Will It Ignite Price?
SHIB burn rate soared by over 1300%, with a whopping 30 million SHIB incinerated in the last 24 hours. Is this the catalyst the ShibArmy has been waiting for, or just another flicker in the flame? The market seems to be recovering, but is this a sustained trend or just a temporary reprieve? With almost 60% of SHIB holders currently underwater, is this burn enough to turn the tide?
Some might argue this is a sign of renewed community engagement and a bullish signal for the future. Others might point out that this burn, while significant, is still a drop in the ocean compared to the total supply. Where do you stand?
What kind of impact do you predict these burns will have on the SHIB price in the short term and the long term? Could this renewed burning momentum pave the way for SHIB to reach a new all-time high, or are we destined to see further price dips? Let's discuss.
SHIB burn rate soared by over 1300%, with a whopping 30 million SHIB incinerated in the last 24 hours. Is this the catalyst the ShibArmy has been waiting for, or just another flicker in the flame? The market seems to be recovering, but is this a sustained trend or just a temporary reprieve? With almost 60% of SHIB holders currently underwater, is this burn enough to turn the tide?
Some might argue this is a sign of renewed community engagement and a bullish signal for the future. Others might point out that this burn, while significant, is still a drop in the ocean compared to the total supply. Where do you stand?
What kind of impact do you predict these burns will have on the SHIB price in the short term and the long term? Could this renewed burning momentum pave the way for SHIB to reach a new all-time high, or are we destined to see further price dips? Let's discuss.
- By Anonymous