Surprisingly, Shiba Inu's burn rate increased by 75% in 24 hours, removing 49 million SHIB tokens from circulation.
The lack of price volatility in SHIB raises concerns about its short-term prospects, as it struggles to break free from its current trading range.
Since September, the trading volume of SHIB tokens has seen minimal changes, indicating a lack of interest and activity despite potential opportunities.
Despite expectations of a price increase when Bitcoin surpassed $28,000, Shiba Inu has not seen the anticipated upswing in value.
The significant increase in burn rate may signal a shift in the token's supply dynamics, but its impact on price remains uncertain.