SHIB burn rate don surge 237%: 15.5M SHIB don destroy, price nearly flat
Shiba Inu (SHIB) see sharp jump for SHIB burn activity on April 11. Shibburn report say 15.5M SHIB comot finish from circulation across 10 token burn transactions inside 24 hours, na jmp 237% compared to day before. For current prices, estimated SHIB burn value na about $91.
Even though SHIB token burn spike, price action remain calm. SHIB rise about 0.24% to around $0.000005904, show say burn data and short-term market direction no always match.
The burns send go dead wallets (addresses wey you no fit spend), them reduce circulating supply. The article still point out say one wallet wey get connection to Robinhood bin among top SHIB burners for the past 30 days, wey fit mean retail or broker people dey involved.
For traders, this SHIB burn rate jump dey strong the scarcity story, but e fit no turn to sustained upside unless wider demand improve. Expect short-term sensitivity to liquidity and follow-through buying instead of just depending on token burn.
Neutral
Di news small help SHIB story (burn rate +237%, 15.5M SHIB don kpai), but e show say market no really shake well because SHIB price just move like ~0.24% and remain stable. Di use of dead wallets confirm say circulating supply don reduce for real, and di mention of one burner wey linked to Robinhood mean more people dey involved, fit make people still dey look. But both summaries dey show say burns alone no go fit carry proper rally without stronger demand and better liquidity. Net effect: neutral to small positive for sentiment, and price impact likely small for now.