Just noticed Shiba Inu's burn rate went absolutely crazy - up over 500% with like 10 million SHIB tokens burned in a single transaction. Pretty wild if you ask me. But here's the thing, even with all this burning action, the total supply is still sitting at nearly 590 trillion tokens, so it's kind of a drop in the ocean. Definitely doesn't move the needle much on price. The coin took a hit recently, but it's actually up 3.27% in the last 24 hours now, trading around the lower levels. Whale activity has been pretty quiet too, which probably contributed to some of that earlier weakness. Some people keep saying burns are the answer, but without massive consistent burns, it's hard to see how it really impacts SHIB's price action in a meaningful way. Anyway, interesting to watch how this plays out.

SHIB-2.19%
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