The Shiba Inu (SHIB) price has fallen again after a short-term increase, and some metrics are signaling further declines. 🔻 The token’s burn rate has decreased sharply, and more than half of investors are currently losing money.
SHIB’s price rose to $0.00001407 on September 14, but has fallen to $0.0000133 in the past 24 hours. On-chain metrics are also down, with major trading volume down 76% and the burn rate down 96%.
Shibarium’s burn mechanism also burns SHIB using the BONE token. However, 52% of SHIB investors are losing money, while DOGE and PEPE investors are doing better. 📉