Shiba Inu’s Burns Jump 148%: Can Deflation Offset Selling?

Shiba Inu’s (SHIB) stormy price movement in the past couple of months has tested the patience of the SHIB Army. Highly correlative with Bitcoin (BTC), Shiba Inu’s price movement has been nothing short of a bearish takeover, crunching nearly 20% of the meme coin’s price in a month. SHIB’s Supply Hits Historically-Low Levels On a brighter note, Shiba Inu’s (SHIB) continuous community efforts to reduce the massive supply has borne fruit in a 148% weekly uptick in burns. This is heavily boosted by today’s 35 million splash, while the 7-day count now encircles 116,664,862 coins sent to the bottomless

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