๐ Price Update: ~$0.0000129 (short-term volatility continues)
๐ง Whatโs unfolding?
Shiba Inu ($SHIB ) is moving towards an aggressive token burn strategy. If the proposed burn targets are met, a major portion of circulating supply could be permanently removed, creating a powerful supply squeeze.
๐ Why this matters:
โข Reduced circulating supply
โข Demand remains unchanged
โข Scarcity increases value pressure
๐ Big picture:
This isnโt just meme momentum anymore. It signals a potential evolution in $SHIBโs tokenomics, which long-term holders are watching closely. If execution aligns with expectations, historical resistance zones โ including previous highs โ could come back into play.
๐ Also keep an eye on:
$BTC $ETH $BNB โ market sentiment and liquidity will play a key role in how meme assets react.
โ ๏ธ Always do your own research. Crypto markets are volatile.
