Overview

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According to the data from IntoTheBlock, the profitability of the meme coin has become unprofitable. Data reveals that holders making profits at the current price are only Despite the active burning process, SHIB 's price stood at $0. as of Janu, reflecting a 33% decrease over the previous 30 days. Analysts predict that Shiba Inu’s burn rate plunged amid price struggles. Whale transactions continued to influence SHIB’s price, adding both volatility and liquidity concerns. Shiba Inu burn rate drops 100% in the last 24 hours with zero tokens burned. Holder data shows 55% of SHIB investors currently underwater on their positions. SHIB burn rate drops by 52%, slowing supply reduction and impacting market dynamics. SHIB shows consolidation with weak bullish momentum and a neutral RSI indicator. Shiba Inu has seen a 13.61% increase in trading volume over the past 24 hours. Shiba Inu’s price has dropped to a new support line, and its burn rate has plummeted significantly. This downturn is primarily attributed to issues within the Shibarium The Shiba Inu burn rate faces new challenges, as it has recorded a massive 82% decrease. This decline comes amid a period of recovery and positive momentum for the The recent plunge in Shiba Inu’s burn rate has raised eyebrows across the cryptocurrency landscape. A staggering 82% drop in the burn rate, as reported by the

Shiba Inu Profitability Plummets as Burn Rate Collapses: What\'s Next for SHIB?

Shiba Inu investors are facing turbulent times. Recent data paints a concerning picture: Shiba Inu profitability plummets alongside burn rate, raising serious questions about the meme coin\'s future prospects.

Profitability Dries Up for SHIB Holders

According to the data from IntoTheBlock, the profitability of the meme coin has become unprofitable. Data reveals that holders making profits at the current price are only a fraction of the total. In fact, holder data shows 55% of SHIB investors currently underwater on their positions. This widespread unprofitability is a major red flag for the token.

Burn Rate Catastrophe: A Cause for Concern

A key mechanism designed to boost SHIB\'s value is the token burn. However, the Shiba Inu burn rate faces new challenges, as it has recorded a massive 82% decrease. This decline comes amid a period of recovery and positive momentum for the crypto market in general. The recent plunge in Shiba Inu’s burn rate has raised eyebrows across the cryptocurrency landscape. A staggering 82% drop in the burn rate, as reported by the Shiba Inu burn tracker, indicates a significant slowdown in supply reduction.

The situation is further exacerbated by reports like "Shiba Inu burn rate drops 100% in the last 24 hours with zero tokens burned," highlighting the severity of the issue. Even when burns occur, the effect seems minimal: "Despite the active burning process, SHIB\'s price stood at $0. as of Janu, reflecting a 33% decrease over the previous 30 days."

A further analysis reveals: SHIB burn rate drops by 52%, slowing supply reduction and impacting market dynamics.

Price Struggles and Market Volatility

The dismal burn rate is contributing to ongoing price struggles. Analysts predict that Shiba Inu’s burn rate plunged amid price struggles. Shiba Inu’s price has dropped to a new support line, and its burn rate has plummeted significantly. This downturn is primarily attributed to issues within the Shibarium.

While Shiba Inu has seen a 13.61% increase in trading volume over the past 24 hours, this increased activity doesn\'t necessarily translate to positive price action. Whale transactions continued to influence SHIB’s price, adding both volatility and liquidity concerns.

Technical Analysis: A Neutral Outlook

SHIB shows consolidation with weak bullish momentum and a neutral RSI indicator. This suggests that the market is currently undecided on SHIB\'s direction, and a breakout in either direction is possible.

The Road Ahead: Will SHIB Recover?

The combination of plummeting profitability, a drastically reduced burn rate, and ongoing price struggles presents a significant challenge for Shiba Inu. Whether the project can overcome these obstacles and regain positive momentum remains to be seen. Keep an eye on Shibarium developments and overall market sentiment for clues about SHIB\'s future.

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