Just checked the SHIB charts and honestly, the whole 410 trillion burn milestone thing feels like it's getting hyped up for nothing. Yeah, the burn tracker is close to that number, but here's the thing - most of that happened years ago, especially after Vitalik's massive SHIB burn back in 2021. The actual burn rate has basically flatlined over the last couple years, so the deflationary story isn't really moving the needle anymore. On the price side, SHIB is stuck between $0.0000142 and $0.000015, bouncing off the 200 EMA like it's a ceiling. The RSI is sitting neutral, volume is weak, and there's no real momentum to suggest a breakout anytime soon. The market already priced in the previous burns long ago. Unless we see a serious uptick in SHIB burn activity and fresh investor interest, this 410 trillion milestone is just a number on a tracker. Price action needs fuel, not just historical achievements.

SHIB-2.35%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin