Shiba Inu Burn Rate Soars 3,904% but Price Declines 6%

Shiba Inu (SHIB) has experienced a significant increase in its token burn rate, surging by 3,904.47% in the last 24 hours. This equates to the permanent removal of 29,998,516 SHIB tokens. Despite this, SHIB's market value decreased by 6%, now trading at $0.000007859, following a weekend decline.

The burn rate increase did not positively impact SHIB's price, contrary to typical supply-demand expectations.
The total burnt SHIB now totals 410.75 trillion from its initial supply, with 585.41 trillion still circulating.
Previously, analysts predicted potential price increases for SHIB if it stabilized above $0.00000810.
Exchange data shows a net outflow of 80 trillion SHIB, reducing exchange balances from 370.3 trillion to 290.3 trillion.
Price anticipation remains for a move towards the 200-day EMA at $0.00001054.

Meanwhile, investor interest has shifted towards Maxi Doge (MAXI), a canine-themed crypto asset gaining attention in the presale arena.

MAXI's presale has raised $4,498,836, indicating strong investor confidence.
Current presale price is $0.000279.