Despite the actively working burn mechanism, $SHIB struggles to maintain a proper burn rate that would offset the existing inflation
Despite daily burns of around 100 million SHIB, the token's value remains largely driven by speculative interest rather than the amount of assets sent to burn addresses. This raises the question of why the burn rate might be ineffective.One possible explanation is that the burning mechanism does not take into account the psychology of the market participants.
Moreover, the burn rate might not be sufficient to offset the inflation caused by the SHIB token supply. In other words, the burning mechanism might not be able to keep up with the rate at which old tokens lose their value due to the enormous supply.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu (SHIB) Burn Rate Amid Market Turmoil Shows Unexpected Performance$SHIB is not showing expected performance on the market as burn rate remains stagnant
Read more »
Shiba Inu's BONE Makes New Listing as Shibarium Beta Nears: DetailsShiba Inu's BONE now listed in this wallet ahead of Shibarium beta launch $BONE BoneArmy BoneFam
Read more »
Shiba Inu (SHIB) Lead Dev Reaches Out to Community Before Shibarium Beta ReleaseShiba Inu (SHIB) lead dev addresses community ahead of Shibarium beta launch SHIB $SHIB ShibArmy SHIBCommunity ShibariumNet ShibariumBETA
Read more »
Shiba Inu (SHIB) Shows Resilience in This Key Metric Despite Price Fall: DetailsShiba Inu traders are conducting their activities like business as usual
Read more »
126 Billion SHIB Grabbed by Top Whale as Shibarium Launch Still in Cards for This Week126 billion $SHIB landed in a whale's pocket as ShibaInu makes a 10% nosedive. Shibarium
Read more »
825 Billion SHIB Dumped by Voyager via Top Exchanges as Shiba Inu Adds ZeroFailed crypto broker keeps selling assets, including popular meme coin SHIB, which keeps dropping lower
Read more »