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

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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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