Shiba Inu (SHIB) Burn Rate up 840%, Here's What This Means for Price

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Shiba Inu (SHIB) Burn Rate up 840%, Here's What This Means for Price
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SHIB burn rate jumps in what may help reverse current negative price trend

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

49% over the past 24 hours, according to data from analytics platform, Shibburn. This burn rate is antagonistic to the token's price, which has slumped by 1.26% over the past day to $0.00001106, and by more than 13% in the week-to-date period, It is not uncommon to find a burn rate and price movement trending inversely to each other; what is often common, however, is what the trend can usher in in the short term.

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