Markets· ★★· bearish·

SHIB at $0.0000056: 477M Tokens Burned Is Just 0.000081% of Supply

  • —SHIB at $0.0000056, down 6% in 24 hours and up 10.37% over 30 days
  • —476.96M SHIB burned in 30 days equals 0.000081% of supply, worth $2,671
  • —At the current pace, 1% of supply would take about 1,015 years to burn
  • —Shibariumscan is only 53% reindexed after the September 19 reorg
Why it matters: SHIB burns are not a price driver: liquidity and meme-coin demand set the price, not burn statistics.
#SHIB
Source: CryptoTicker
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