$SHIB BURN SURGE FAILS TO STOP THE SLIDE — 110M TOKENS REMOVED IN ONE DAY 🔥
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On July 8, the Shiba Inu community burned more than 110 million SHIB — the biggest single-day burn in six months — and weekly burn metrics rose by 55.77%. However, the price still fell by 4.57% during the day.
The reason is that 585.6 trillion tokens remain in circulation — burning removes only a very small fraction. More importantly, the entire memecoin sector is facing capital losses: its market share has dropped from over 10% to 3.7% since the end of 2024. A decrease in supply cannot fill the demand gap.
Do you hold SHIB during this rotation period, or move to stronger narratives?
Not financial advice. Always manage your risk.
#SHIB #MemeCoin #TokenBurn #CryptoMarket
#SupplyDemand