Ep. 23: SHIB Token Burn Rate Drops by 70%! Is Ethereum Gas Fee to Blame?

#cryptokyodai #crypto #crytponews #shibnews #cryptocurrencymarket #shibainu #TokenBurnRate #EthereumGasFees #erc20 #FluctuatingBurnRates #shibburn #shibainucoin #Puppynet #cryptocommunity #erc20token

In today's episode (13/05/2023), we discuss the alarming drop in SHIB token burn rate by 70% in the past week, leaving investors worried and questioning the cause.

This decline has been particularly pronounced in the past seven days, with a decrease of 69.57%.

The recent surge in Ethereum gas fees has affected the burn rate and caused holders of SHIB tokens to become less willing to burn them.

With fluctuating burn rates and the increasing cost of using the Ethereum network, ERC20 tokens like SHIB are experiencing a significant impact.

However, there is hope that if gas fees start decreasing, we may see a resurgence in SHIB token burns.

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