🔥 $SHIB burns are idle for a fifth straight report 👀
⏱️ Latest burn: Robinhood’s 3.04M SHIB at 06:59 UTC
📊 24h total: 6.54M SHIB
🔥 Already burned: 41.08% of the original supply
The 24h total is tiny next to what’s already gone, so burns aren’t moving price right now. Nothing has been added since the Robinhood burn, and that single transaction accounts for nearly half of the day’s total.
Compare this with the LUNC update, where tax burns set a daily high. SHIB is the opposite: a lot burned historically, almost nothing happening today. Past burns are already in the supply, so they don’t give price a fresh push.
❓ Do SHIB burns still matter, 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
🔥 Already burned: 41.08% of the original supply
The 24h total is tiny next to what’s already gone, so burns aren’t moving price right now. Nothing has been added since the Robinhood burn, and that single transaction accounts for nearly half of the day’s total.
Compare this with the LUNC update, where tax burns set a daily high. SHIB is the opposite: a lot burned historically, almost nothing happening today. Past burns are already in the supply, so they don’t give price a fresh push.
❓ Do SHIB burns still matter, 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
