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SHIB burn stagnates, 815 trillion tokens suppressing the price, can it hold the support level?
[Coin World] SHIB holders need to be cautious. According to on-chain data, the burn activities have completely halted over the past day, which means no tokens have been removed from circulation, putting Shiba Inu under supply pressure. As a result, the price has dropped by 2.05%, falling to $0.000007144, underperforming the market. Even more concerning is that there are still 815 trillion SHIB sitting in exchange accounts, which could get dumped at any moment. Analysts see it clearly: without a burn mechanism to balance the supply, combined with such a large circulating supply on exchanges, the price could easily break below the $0.0000070 defense line. In the short term, the lack of deflationary momentum has become the biggest suspense.