The Shiba Inu (SHIB) community is facing a troubling situation as the token's burn rate has dramatically decreased, raising concerns about the project's deflationary model and its implications for future price movements. According to the experts cited in the publication, the situation is becoming critical.
SHIB Burn Rate Drops Significantly
In the last 24 hours, the burn rate for SHIB has dropped by an alarming 8,614, resulting in only 749,126 tokens being burned. This sharp decline has sparked worries among investors about the sustainability of the token's deflationary narrative, which is often seen as a key driver for price appreciation.
Current Price Stagnation and Community Concerns
Currently, SHIB's price is stagnating at 0.000000841, leaving many in the community questioning whether the recent bullish signals can be maintained without a significant rebound in the burn rate. As the market dynamics shift, the focus now turns to how the community and developers will respond to this downturn and what measures can be implemented to reignite interest in token burns.
In response to the recent concerns raised by the Shiba Inu community regarding the declining burn rate, the Shiba Inu team previously reached out to reassure investors. For more details, see their message on community support here.
