Shiba Inu's burn mechanism hit a wall today—down 99%, with only 483 tokens actually burned. That's essentially noise. Yet $SHIB 's price moved up 1.67% to $0.000005948, and volume followed.
What's interesting here is the disconnect. Burns have been a narrative anchor for $SHIB holders, but right now price action isn't waiting for supply contraction. Could be rotation from other memecoins, could be speculative positioning ahead of something else. Either way, the market's ignoring the burn slowdown entirely.
Makes you wonder if burns ever really mattered as much as we thought—or if they're just background noise when momentum shifts.
