Shiba Inu's burn rate has dropped by 50% in the past 24 hours, but analysts remain bullish, predicting a 300% surge by May if key technical patterns hold.

Shiba Inu (SHIB) has witnessed a massive drop in its burn rate in the past 24 hours while the price of the cryptocurrency also crashed.

Shiba Inu’s burn rate dropped 91% in the last 24 hours, with only 2.6 million SHIB removed from circulation. This follows Shytoshi Kusama stepping down as lead visionary.

Shiba Inu (SHIB) has seen a sharp decline, plunging 20% in the last 24 hours to trade at $0.000014. The meme coin’s weekly drop now stands at 25%, raising concerns over its price stability. A cryptic video released by lead developer Shytoshi Kusama has sparked speculation within the SHIB community,