The recently realized token burning operations in the Shiba Inu ecosystem has reached a remarkable level. As of February 27, the daily burning rate increased by 1306 percent. In a day, 30.15 million token was removed from the circulation. This development has created expectations that Shiba Inu can support the value of the supply. Analysts evaluate how these burning processes can affect price mobility.
Great increase in shiba Inu Token Burning
According to Shiba Inu’s official follow -up data, the token burning process gained great momentum on 27 February. A total of 30.15 million tokens were burned in a day. This increase means a 1306 percent rise compared to the previous days.
This burning process is considered as part of a strategy to strengthen the tokenomic structure of Shiba Inu. Token burning mechanism aims to support the price by reducing supply. So far, 410,744 trillion Shiba Inu Token has been removed from the circulation. The existing total supply is at 584.32 trillion.
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It is reported that 257.65 million toks have been burned throughout February. This process has become an important factor in market dynamics by increasing investor sensitivity. Analysts think that the token burning mechanism can contribute to price stability in the long run.
Market expectations and rise scenario
The acceleration of the token burning process created a positive atmosphere among Shiba Inu investors. Market observers believe that this increase in the burning rate may have a positive impact on the price of Shiba Inu.
In particular, the technical analyst Javon Marx set the potential price level for Shiba Inu as 0.000081. This means an increase of approximately 450 percent of the current price. Marks, Shiba Inu’nun current technical formations and previous price breaks based on this estimate, he said.
It shows that Shiba Inu is more resistant to other crypto currencies in terms of market dynamics, supply and demand balance. At a time when large digital assets depreciate, token burning stands out as a supportive factor for Shiba Inu.
Analysts say that the long -term effect of these burning processes depends on investor interest and market conditions. Investors believe that Shiba Inu’s market value can be strengthened over time.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
