The recent decrease in the Shiba Inu burn rate, which has fallen by 30%, is creating concerns among investors. This downturn coincides with a stagnation in the SHIB price, prompting questions about the future trajectory of this cryptocurrency.
Data from the Shiba Inu burn tracker, Shibburn.com, reveals a noticeable drop in the number of SHIB tokens being burned over the past 24 hours. This declining trend has sparked worries about the activity levels surrounding Shiba Inu.
The drop in the burn rate could potentially signal a diminished interest or activity in the Shiba Inu ecosystem, potentially affecting its market value negatively.
