Shiba Inu Burns 65.9 Billion Tokens but Price Stays Flat — Here’s Why the Market Isn’t Moving

In a surprising turn of events, the Shiba Inu cryptocurrency has recently burned a staggering total of 65.9 billion tokens in an effort to decrease the overall supply and increase scarcity. However, despite this significant reduction in available tokens, the price of Shiba Inu has remained largely unchanged, prompting many investors and analysts to ask why the market seems stagnant. Several factors may contribute to this phenomenon, including broader market trends, investor sentiment, potential regulatory changes, and overall market volatility. Understanding these dynamics can provide insight into why the anticipated price increase has not occurred following such a substantial token burn. source: https://blocknews.com/shiba-inu-burns-65-billion-tokens-but-price-stays-flat-heres-why-the-market-isnt-moving/