Shiba Inu Burn Rate Declines as Shibarium’s Growth Signals Positive Outlook

• SHIB burn rate drops to 62M in a week, indicating a shift in investor sentiment.
• SHIB’s price rises 4.25%, despite a slower burn rate and broader market uncertainty.
• Shibarium’s TVL hits $3M, reflecting growing DeFi adoption and network utility.

The Shiba Inu (SHIB) token is experiencing a sharp decline in its burn rate, raising concerns among investors. Shibburn, a platform that tracks SHIB burns, shows that only 62 million of the memecoin token’s supply has been burned in the past week. The cause of this slowdown is still ambiguous, but several reasons could be involved, ranging from market skepticism to shifting investor sentiment.

SHIB Burn Activity Drops Amid Market Skepticism

SHIB’s token burning activity has been one of the major players in the token’s long-term growth template. Through the circulation of supply, burns have been developed to increase scarcity and, potentially, raise the token’s value. 

However, the recent decline in SHIB’s burn rate may indicate weakening interest from investors in supporting deflationary measures. Instead, many appear to be accumulating tokens in anticipation of a price rally. This change in behavior cou…

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