SHIB tokens sent to dead wallets topped 1.3 billion amid bearish price turn
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.There is broad instability in the cryptocurrency ecosystem at this time as the prices of most assets are on the downtrend.
The lack of a correlation between the burn rate and the price of Shiba Inu is not a new phenomenon, and for what it's worth, this has been the norm for the digital currency for some weeks now. Nonetheless, the burn rate remains a key metric that helps to showcase how growth is not elusive for the second largest meme coin.
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