The burning rate of SHIB has fallen sharply by 99%—Is Shiba Inu about to add another zero?

Shiba Inu has entered a crucial phase after its burn rate has fallen by more than 99 percent in just 24 hours. Investors are increasingly worried that this meme coin may further depreciate and could add some more zeros to its price. According to information provided by Shibburn, 101,213 SHIB tokens have been burned recently, indicating a significant decrease in the number of participants in the deflationary mechanism. This decline represents a 99.32 percent reduction in the number of tokens removed from the market and undermines one of the key aspects of value preservation of the currency. SHIB also recovered in price, although it was a minor correction, despite the burning activity gradually subsiding. The price increased significantly, rising from a 24-hour low of 0.00001151 dollars to a high of 0.00001178 dollars. However, as of the time of the press report, the price has slightly shifted to 0.00001166 due to the market's continuous volatility. Foreign exchange and futures operations bring a glimmer of hope The trading volume has fallen, decreasing by 2.57 percent to $110.01 million. This signals a decline in market participation, raising further concerns among holders about whether the current support level will hold. Interestingly, other market data indicates that a recovery may occur, as CryptoQuant reports that the foreign exchange reserves of Shiba Inu have increased to 929 million dollars. This implies increased trader activity and may indicate future buying or selling demand. Speculative interest in the SHIB futures market has also increased. The strategy that traders seem to be pursuing by holding SHIB above its current support level is that it will not fall further at the cost of weak token burning fundamentally. The seriousness of Shiba Inu raises doubts because its burning mechanism has failed, making it unlikely that this token will increase any further if the burning rate does not improve. However, increasing foreign reserves and future activity may provide a lifeline if trading momentum continues to rise.