Amidst the current changes in the cryptocurrency market, the pseudonymous marketing expert of the Shiba Inu team, known as Lucie, addressed the SHIB community with important recommendations.
Advice from Lucie
Lucie pointed out that many crypto projects are currently making announcements, but in her view, negative market sentiment will likely drag them down. According to Lucie, the key focus should be on building strong connections.
SHIB Price Dynamics
Over the past 24 hours, Shiba Inu has experienced a significant price drop of 18%. After a recent surge of more than 11% on Sunday, coinciding with U.S. President Donald Trump's announcement of a new strategic crypto reserve, SHIB's price sharply declined. On Monday, it was $0.00001538, while today it trades at $0.00001272. This decline was influenced by Trump's implementation of trade tariffs against Mexico and Canada.
SHIB Burn Metrics
A key SHIB metric, the burn rate, is also in the red. Currently, it shows minus 95.44% with less than a million meme coins burned. Only one burn transaction occurred since yesterday morning, while on Monday, 12,776,503 SHIB were burned. Overall, the Shiba Inu community has managed to burn 410,744,723,433,234 SHIB, while 584,338,399,345,524 SHIB continue to circulate.
Despite the challenging market situation, the SHIB community continues to adapt, following Lucie's advice and focusing on forming strong connections.
