The Crypto Money Market has recently focused on the burning mechanism of the breast coin, Shiba Inu. According to the latest statements, the Shiba Inu community and the developer team burns a certain amount of Shib Token every day to reduce the circulating token supply. This process is aiming to increase the demand for Token by narrowing the supply. In the last 24 hours, 14 million SHIB was sent to the relevant burning wallets. This development brought possible changes in the price of Token.
The effects of the burning mechanism and total figures
Shiba Inu Burning Mechanism was commissioned by the community decision after the release of Token. The high supply was seen as an obstacle to the valuation of token. This mechanism, which was initiated with the participation of the community, provides the burning of millions of Shıb Token every day. 14 million shibs were burned in the last 24 hours, while the total amount of burned with a 23 million dollars burned a few hours ago reached 410.7 trillion.
One of the remarkable issues when evaluating the effect of burning amounts on the market price is the tendency of demand as the supply decreases. However, if the amount of token was as high as expected, a significant change in market value could be observed. Communities and investors closely follow how these burning rates will have an impact on the price in the coming days.
Role of burning in price movements
In this process, how much the burning mechanism affects the price of Shiba Inu creates controversy. According to some market observers, the reduction of supply may positively affect the price. Nevertheless, it is stated that price movements in crypto money markets are affected by a large number of factors and only burning operations may not be sufficient.
In the statements made by the developer team, burning transactions will continue in line with the project goals in the long run. In this way, a stable growth in the market and a sustainable value increase is aimed. On the other hand, there are views that short -term price changes may not be fully associated with burning rates.
It is observed that investors closely follow daily burning amounts and market reactions. It is claimed that 14 million SHIB, which has recently been burned, has a more limited impact on the price compared to larger burning moves in the past.
Shiba Inu Developer team said in a statement: “We believe that burning transactions are important for the sustainability and long -term potential of the project. This process, which continues with the support of the community, aims to maintain the balance of the system by reducing the supply.”
Expectations of Community and Investors
The Shiba Inu community shows an optimistic approach that the burning mechanism will positively affect the price. However, some analysts emphasize that market dynamics are widely varied and that supply reduction alone does not mean permanent price rise. For this reason, Shıb burning activities are seen as a strategy, but the results should be evaluated together with all market conditions.
Shiba Inu’s burning mechanism is a remarkable example of the crypto ecosystem. Based on supply-demand balance, this approach can support price stability in long-term projections. However, the fact that investors move by analyzing market conditions and all variables is shown as an important factor in terms of risk management. The Shiba Inu Community continues to observe burning activities and market effects.
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.
