The Shiba Inu (SHIB) burn rate has unexpectedly dropped to zero as no tokens were sent to the burn wallet in the last 24 hours. This development follows a period of significant activity within the Shiba Inu ecosystem, which saw a strong rally last week.
The absence of burn activity raises questions about its potential effect on SHIB's price. An unchanged burn rate may lead to concerns about the long-term stability and value proposition of SHIB among investors.
Despite the current stall, the factors influencing SHIB's price are multifaceted, involving general market sentiment and broader cryptocurrency trends. Monitoring the burn rate alongside these variables will be key to understanding future price movements.
