Recently, a striking phenomenon has occurred in the Crypto Assets market: the burn rate of Shiba Inu (commonly known as 柴犬币) has surged dramatically, increasing by as much as 3,465% within 24 hours. According to statistics, approximately 145 million SHIB tokens have been permanently removed from circulation.

This large-scale token burn has attracted widespread attention in the market. The price of SHIB has recently experienced significant fluctuations, with each SHIB currently trading at approximately $0.000025. Notably, in the past 7 days, the value of SHIB has risen by 15%.

Token burning is generally regarded as a strategy to reduce supply and enhance scarcity. Therefore, such a large-scale burning activity may be interpreted by some investors as a signal that the price could rise further. However, we also need to be cautious about this phenomenon, as the overall sentiment in the crypto assets market and other external factors can also have a significant impact on the price of SHIB.

For those intending to pay attention to or invest in SHIB, this is undoubtedly a development worth closely following. At the same time, we also advise investors to remain rational and consider market risks comprehensively, rather than making investment decisions based solely on a single factor. In the rapidly changing crypto assets market, it is particularly important to stay vigilant and continue learning.