Despite the actively working burn mechanism, $SHIB struggles to maintain a proper burn rate that would offset the existing inflation
Despite daily burns of around 100 million SHIB, the token's value remains largely driven by speculative interest rather than the amount of assets sent to burn addresses. This raises the question of why the burn rate might be ineffective.One possible explanation is that the burning mechanism does not take into account the psychology of the market participants.
Moreover, the burn rate might not be sufficient to offset the inflation caused by the SHIB token supply. In other words, the burning mechanism might not be able to keep up with the rate at which old tokens lose their value due to the enormous supply.
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