Is the Shiba Inu (SHIB) burn rate actually impacting the price? Recent data reveals a complex picture. While headlines may scream about a Shiba Inu burn rate hitting 121%, the reality is more nuanced. In the last 24 hours, according to Shibburn data, the SHIB burn rate is 121%, with 6,204,500 SHIB sent to dead wallets.

However, it's crucial to understand the context. Shiba Inu (SHIB) sees declining daily burn rate and trading volume, signaling reduced market activity despite stable price performance. This suggests that while burns are occurring, they might not be sufficient to significantly influence the price in the face of broader market trends and declining interest.

We've seen instances of dramatic increases. For example, according to Shibburn, this represents Shiba Inu (SHIB) burn rate increased by 2025.22% on Tuesday with 20.83 million tokens removed from circulation. The Shiba Inu (SHIB) community has significantly increased the token’s burn rate, removing over 3.24 million SHIB from circulation in the past 24 hours. These spikes, though impressive, are often followed by periods of lower burn rates.

The key takeaway? Shiba Inu burn rates fluctuate. A single day's 121% increase doesn't automatically translate to sustained price growth. Indeed, we've even seen days where Despite the massive burn rate, SHIB price dropped. This highlights the complex relationship between token burns, market sentiment, and overall price action. Keep a close eye on daily burn rates and trading volumes to better understand the current state of Shiba Inu.