$SHIB burn rate flying despite the dull weekend trading session on the cryptocurrency market
The impressive burn rate and the ensuing price reaction highlight the proactive measures adopted by the Shiba Inu community to control the token supply and indirectly influence the price. The burn strategy can be seen as an attempt to create a deflationary effect, counterbalancing the inflationary pressure caused by the enormous initial supply of the token.
The significant increase in Shiba Inu's burn rate has led to optimistic market behavior, as evidenced by its rising price and trading volume. The token's performance seems to respond positively to the token burning strategy, a trend that, if sustained, could contribute to SHIB's long-term value.
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