Shiba Inu burn rate crashes, mirroring the SHIB price trajectory this week
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However, the burn rate metric watched by many within the SHIB community, has plunged by more than 72%, putting the burn rate deep in the red zone.Still, things stand much better on the weekly burn rate time frame with a total of 102,867,453 SHIB sent to dead-end wallets over the past seven days. The burn metric here has soared by 164.53%.
The mysterious SHIB lead developer known to the community under the pseudonym Shytoshi Kusama has cited a recent X post by Changpeng Zhao , a co-founder and former Binance boss, responding to him. Actually, CZ, build what people need before they know they need it. Otherwise, you will be building while there is a need and things may shift. Adoption comes naturally as the narrative shifts to what you've already built. And, luckily, this is exactly what we have done. WATCH.Shytoshi believes that people’s current needs may change and then “things may shift”.
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