The Shiba Inu ecosystem has kicked off May with an aggressive surge in network activity, leading to massive token burns that continue to tighten the circulating supply. Following the recent 812 percent burn rate spike, over 172 million tokens were sent to unrecoverable wallets in a single 24-hour window earlier this year. This consistent deflationary pressure is building a solid foundation for price discovery. With over 24,000 new wallets added this week, the demand side is finally catching up with the shrinking supply. I am bullish on the long term scarcity logic being built into Shibarium. #SHIB #Shibarium #TokenBurn #CryptoGrowth


$SHIB
SHIB2.69%
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