The Shiba Inu (SHIB) network recently saw a significant surge in the burning of tokens, with over 300 million tokens burned within a span of a week. This substantial reduction in the circulating supply was expected to create upward pressure on the token's price.
However, despite the high burn rate, the price of SHIB has continued to trend downward, leaving investors in the community confused and concerned. The burning mechanism, usually meant to decrease supply and increase value, hasn't led to the expected price appreciation this time.
As Shiba Inu investors observe this trend, the critical question remains whether the continuous burning of tokens will eventually positively affect SHIB's market performance or if other factors are suppressing its price growth. Many are speculating on what this means for the future value of their investments in Shiba Inu.
