Shiba Inu Grapples With Drop In New Addresses, Despite 5,000% Increase In Burn Rate

Shiba Inu (SHIB), the popular dog-inspired cryptocurrency, is currently facing a tough time breaking free from its recent slump. According to on-chain data, both a decline in network growth and pressure from long-term holders looking to sell their holdings could potentially hinder SHIB’s price resurgence. Recent data provided by Glassnode indicates a downward trend in