Shiba Inu Plunges 6%—Defying SHIB Burn Surge and Shrinking Exchange Reserves
Shiba Inu (SHIB) takes a nosedive as market sentiment overrides bullish fundamentals.
Burn Rate Up, Exchange Reserves Down—So Why the Drop?
The meme coin’s 6% slump comes despite a spike in token burns and dwindling exchange supply—classic crypto irony. Traders shrug at deflationary mechanics while chasing the next shiny thing. Meanwhile, SHIB holders learn the hard way: even ‘scarce’ assets can bleed when Wall Street’s pet dogecoin gets distracted.
Active sell pressure cuts through bullish signals like a hot knife through FUD. Another day, another reminder that crypto markets reward narrative over math—unless you’re the one holding the bag.
Shiba Inu has joined a broader market downtrend, despite strong ecosystem developments such as token burns and whale accumulations. shiba inu slid further today, following the path of crypto leader Bitcoin.
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