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Here's Reason Why Massive SHIB Burns Failed to Impact Shiba Inu Price

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Here's Reason Why Massive SHIB Burns Failed to Impact Shiba Inu Price
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.Shibburn $SHIB burns alone do not impact the token's price, this major SHIBburner states, here's why. ShibaInu

Shiba Inu coins from the circulating supply

are held by the top 400 wallets, which mainly belong to centralized crypto trading platforms. Overall, there are 1,323,659 addresses holding SHIB. The meme coin's price can still surge based on the demand factor, the tweet states, if users and CEXes begin to accumulate more Shiba Inu, especially if there is a bull market.

Besides, a particular price reached by SHIB , such as $0.01 does not necessarily mean it has become successful. Many people have already sold SHIB and gained their profits as the price reached their target price. Rather than focusing on the price, the Shibburn account suggests waiting to see how things unfold as more people adopt SHIB and as more projects are created on Shibarium, with the crypto space growing bigger in general.

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