Shiba Inu (SHIB) Burn Rate Keeps Stagnating, Here's Why

$SHIB burn rate stagnating as no major burning events have occurred on the network in the last few months

, has seen its burn rate stagnate on the network after the token's price reversed from its local high and returned to the price level we saw back in the beginning of February. One of the main reasons behind the drop in network activity and the stagnating burn rate is the lack of drivers for assets likeA burn rate is the number of tokens removed from circulation in a blockchain network.

Shiba Inu's burn rate has seen a significant decrease due to the lack of network activity. This could mean that fewer people are using the network, or it could indicate that the token has lost its appeal to investors.Shiba Inu's price was soaring earlier this year, and it seemed like the meme token was going to reach new highs. However, the token's price soon reversed from its local high, and it has been struggling to gain momentum since then.

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