Shiba Inu’s burn rate showed a noticeable increase today. Over the last 24 hours, burns have increased by approximately 253,000%, resulting in billions of SHIB tokens being removed from circulation. This development mobilized investors and brought to the fore the possibility of a potential jump in price expectations. However, alongside this optimism, an important warning came from the Shiba Inu community. Susbarium, known in the community, emphasized that investors should be careful.
Huge Increase in Burn Rate
According to recent data, there has been a significant increase in the Shiba Inu cremation rate. In just one day, approximately 5.61 billion SHIBs were burned. In general, such large increases in burn rates create expectations of positive movements in token prices. However, experts urge investors to be cautious despite these developments.
Warning to Investors from Susbarium
An increase in the burn rate could signal positive signals for many investors. However, Susbarium, the community’s expert on security, stated that hasty decisions should not be made. Claiming that large-scale burnings aim to attract attention, Susbarium suggested that investors examine the project goals, token distribution and tokenomic structure in detail. This statement further fueled the debate about the SHIB burning process, which has attracted great attention.
Support Message and Warnings from Kaal Dhairya
Kaal Dhairya, lead developer of Shiba Inu, also supported Susbarium’s warnings. Dhairya advised investors to make cool and conscious decisions and asked them to be careful about the possibility of fraud. These statements gave rise to speculation that the extraordinary increase in the burning rate may be an attempt to attract strategic attention.
Price Movements and Future Expectations
Shiba Inu price was down 6% at $0.00001733 at the time of the news. On the other hand, transaction volume increased by 41% and reached $492.44 million. The open interest rate in futures transactions decreased by 12% to $46.76 million. The token recorded an intraday peak of $0.00001913 in 24 hours.
One analysis predicted that the Shiba Inu price could reach $0.000081. While investors gained optimism after this analysis, the expectation of a rise in the crypto market increased in the last quarter of the year. It is also predicted that the upcoming US presidential election may positively affect market sentiment.
This significant rise in the burn rate has become a focus of attention among SHIB investors. However, experts emphasize the importance of making conscious investments and state that caution should be exercised in the Shiba Inu market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
