Shiba Inu's Burn Rate Skyrockets Amid Market Test

The Shiba Inu ecosystem is currently undergoing a pivotal period, with its price facing a crucial test that analysts are closely monitoring. A primary concern highlighted is a potential liquidity crunch, suggesting challenges in market depth or asset availability. Despite these hurdles, a significant counter-narrative has emerged: an astonishing 910% surge in SHIB's burn rate. This dramatic increase in token destruction is a powerful deflationary metric, designed to reduce the circulating supply of SHIB. Market observers are now evaluating whether this substantial reduction in supply can fundamentally alter the current outlook and help mitigate the liquidity concerns.