SHIB Price Drop and Burn Rate Increase

- Shiba Inu (SHIB) price has declined due to low activity on the Shibarium network and a decrease in large trading volume. 📉

- However, the burn rate has increased by 3,600%, which could indicate a potential increase in value as the supply decreases. 🔥

- SHIB has gained 40% in the last two weeks, but is currently trading at $0.00001861.

- Large trading volume has dropped by more than 50% to below $40 million.

- The Net Network Growth metric is trending lower, down 0.26%.

- The burn program aims to reduce the total supply by burning more than 2 billion tokens. This could lead to a price increase if demand remains stable or increases.

- The SHIB team and community have burned 410 trillion tokens to date, leaving approximately 583.5 trillion in circulation.