SHIB (Shiba Inu) Price Prediction Drops 11% Even After Massive 631M Token Burns

The SHIB community just torched over 631 million tokens in one week – that's a massive 367% burn rate spike. But here's the kicker: SHIB's price still tanked 11.11% anyway, dropping from $0.00001435 to $0.00001278.

SHIB (Shiba Inu) Burns Hit 367% But Price Follows Bitcoin

This 367.83% weekly burn spike should've been good news for SHIB holders. When tokens get burned, they're deleted forever – sent to blockchain black holes. Fewer tokens usually means higher prices, right? Well, not when Bitcoin decides to ruin the party.

Bitcoin dropped from $119,700 on Monday to around $117,740 now, and SHIB just followed along like everything else in crypto. The whole market is still Bitcoin's shadow – doesn't matter how many tokens you burn if BTC is having a bad day.

Shiba Inu (SHIB) Price Can't Escape Market Forces

What makes this even weirder is that we got bullish Bitcoin news right before the crash. Michael Saylor's MicroStrategy bought another 21,021 Bitcoin for $2.46 billion, bringing their total to 628,791 BTC worth over $73 billion. You'd think that would pump everything, but crypto had other plans.

The lesson is clear: token burns are cool, but they don't beat market correlation. Even with over 600 million SHIB tokens going up in smoke, the price couldn't escape Bitcoin's gravitational pull. That's just how this market works – when Bitcoin sneezes, everything catches a cold.