Shiba Inu token burn rate plunges 91.31% as SHIB pulls back

  • Shiba Inu recorded a sharp decline in its daily token burn rate.
  • 338,050 SHIB tokens were removed on September 28, versus nearly 3.9 million previously.
  • SHIB pulled back from resistance near $0.0000060-$0.00000...

Shiba Inu's (SHIB) daily token burn rate fell 91.31% on September 28, with about 338,050 tokens removed versus nearly 3.9 million previously. The decline coincided with SHIB pulling back from resistance near $0.0000060-$0.00000..., a price area where selling pressure had emerged. Token burning permanently removes units from circulation, reducing the available supply, although the reported drop in daily burns does not by itself establish a cause for the price movement.

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