Shiba Inu Burn Rate Plummets to Zero, Triggering A

Shiba Inu has experienced a complete halt in its token burn activity, raising fresh concerns among market observers. In the past 24 hours, not a single SHIB token was moved to a dead wallet, marking a 100 percent decline in the burn rate.

According to data from Shibburn, a platform that tracks token burn transactions, the sudden pause in SHIB burn activities comes amid price instability. This development follows a public call for increased burn efforts on Shibarium by Lucie, the project’s marketing lead.

SHIB prices remain volatile between the resistance point of $0.0000130 and the current level of $0.00001190. The coin has decreased by 2.65 percent in the previous 24 hours and more than 8 percent since the beginning of June.

In addition to the plunge in prices, whales have also reduced their activity in the SHIB market, contributing to market jitters. It is also reported that some of the large holders have started selling their holdings, which has led to a bearish attitude and bearish pressure on the token....