🔥 $SHIB burns have gone quiet 👀
⏱️ No burn since 14:06 UTC, over 3 hours ago
📉 24h burns: 3.65M SHIB, down from 4.10M as older burns rolled off
💵 That’s about $15 worth of SHIB
Burns are supposed to shrink supply and support price. At this scale, they do neither. $15 of burned tokens against a supply in the hundreds of trillions is a rounding error, and with no burn for hours, there’s no supply offset at all right now.
Burn headlines get a lot of attention, but the numbers are what matter. A burn only moves the needle if it’s large relative to supply, and this one isn’t.
❓ 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
⏱️ No burn since 14:06 UTC, over 3 hours ago
📉 24h burns: 3.65M SHIB, down from 4.10M as older burns rolled off
💵 That’s about $15 worth of SHIB
Burns are supposed to shrink supply and support price. At this scale, they do neither. $15 of burned tokens against a supply in the hundreds of trillions is a rounding error, and with no burn for hours, there’s no supply offset at all right now.
Burn headlines get a lot of attention, but the numbers are what matter. A burn only moves the needle if it’s large relative to supply, and this one isn’t.
❓ 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
