The Shiba Inu (SHIB) community closely follows the remarkable decline in the token supply. In the last 24 hours, approximately 17 million token was burned and removed from the circulation. The sudden increase in the burning rate caused investors to draw a more optimistic picture in terms of price. The token price gained 3 percent value in a short time.
Supply is decreasing, price expectations are rising
The burning process in the Shiba Inu ecosystem paves the way for possible price increases by reducing the token supply in the market. According to the latest data, a total of 16.94 million SHIB tokens were permanently disabled within 24 hours. When added to the previous burning figures, a total of 410.74 trillion shıb tokens have been burned to date. The current circulating SHIB amount decreased to 584.37 trillion levels.
This development contains signals of signals especially in terms of crypto currency market that is especially sensitive to supply-demand balance. The narrowing of supply can naturally create upward pressure on the price. Token price also rises from 0.00001183 dollars to 0.00001220 dollars. Such technical and supply -based price movements trigger investors’ desire to re -position.
While the identities of the addresses that contribute to the burning process are not announced, two separate wallets have played an active role in operations. One of these addresses was approximately 10 million and the other is 4.3 million SHIB tokens. The contributions from the community show that supply control policies are increasingly strategic.
Mobility in Bitcoin also affects subcoins
The positive appearance in Shiba Inu is also supported by the recovery in the general crypto money market. The fact that Bitcoin reached 83,000 dollars after the weekly fluctuation has created a stronger price environment for Altcoins. This mobility in the market -leading crypto currency increases the risk appetite of investors, while creating upward momentum in popular tokens such as SHIB.
Market observers say that investors focus more on developments that may have long -term impact, especially supply reduction. This strategic orientation shows that an investment approach based on foundation is adopted by going beyond short -term speculation.
Shiba Knight, one of the active members of the Shiba Inu community, pointed to the 0.00001570 level as a short -term target price. If technical and basic data gains strength in the same direction, it seems possible to test this level.
Investors closely reshape their strategies according to supply pressure and market trends by following the existing developments. Such data -supported movements in the crypto currency market continue to be effective in determining the direction of prices.
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.
