🔥 $SHIB burns are idle for a fourth straight report 👀
⏱️ Latest burn: Robinhood’s 3.04M SHIB at 06:59 UTC
📊 24h total: 6.54M SHIB
🪙 Supply: 589T
6.54M SHIB against a 589T supply is about 0.000001% of the total. At that scale, burns aren’t a factor in price right now, and nothing new has been added since the Robinhood transaction.
Burn headlines tend to promise a supply squeeze, but the math rarely backs it up. A burn only matters when it’s large relative to supply, and today’s isn’t close.
❓ Do burns still matter for SHIB, or is the narrative bigger than the numbers?
❓ Do burns still matter for SHIB, or is the narrative bigger than the numbers?
👇 Bullish, bearish, or just noise? Drop your take below!
📌 Follow for hourly on-chain updates.
Not financial advice. DYOR.
#SHIB #ShibaInu #Crypto #OnChain #Binance #BinanceSquare
⏱️ Latest burn: Robinhood’s 3.04M SHIB at 06:59 UTC
📊 24h total: 6.54M SHIB
🪙 Supply: 589T
6.54M SHIB against a 589T supply is about 0.000001% of the total. At that scale, burns aren’t a factor in price right now, and nothing new has been added since the Robinhood transaction.
Burn headlines tend to promise a supply squeeze, but the math rarely backs it up. A burn only matters when it’s large relative to supply, and today’s isn’t close.
❓ Do burns still matter for SHIB, or is the narrative bigger than the numbers?
❓ Do burns still matter for SHIB, or is the narrative bigger than the numbers?
👇 Bullish, bearish, or just noise? Drop your take below!
📌 Follow for hourly on-chain updates.
Not financial advice. DYOR.
#SHIB #ShibaInu #Crypto #OnChain #Binance #BinanceSquare
