Shiba Inu Loses Momentum as Burn Activity Comes to a Halt
Shiba Inu is having a rough moment, and the latest on-chain data isn’t helping. Over the past 24 hours, not a single SHIB token was burned, according to Shibburn. For a project that leans heavily on burns to control its massive supply, that’s a red flag — especially with the price already sliding.
Burns are meant to slowly reduce the number of SHIB in circulation by sending tokens to wallets they can never leave. When burns stop, supply keeps piling up, and that usually puts more pressure on price.
Price keeps slipping, buyers stay cautious
SHIB hasn’t been able to catch a break lately. Every bounce attempt has faded quickly, and the trend remains pointed lower. During the burn-free period, the token slipped from $0.000007348 to $0.000007126.
Right now, SHIB is trading around $0.00000714, down just over 2% on the day. It’s also underperforming much of the crypto market, as more holders choose to sell rather than wait for a recovery.
That selling pressure is making it harder for the price to stabilize, let alone move higher.
Even “oversold” isn’t enough to spark a bounce
Some traders were watching for a rebound after SHIB’s RSI dropped to 14, a level that often signals oversold conditions. But so far, that hasn’t mattered. Sellers are still in control, and confidence remains shaky.
Without burns to help offset supply, hopes for a quick recovery are starting to fade. If fear picks up and selling accelerates, SHIB could easily dip below $0.0000069. Holding above $0.0000070 in the coming days will be key.
Too much SHIB on exchanges
One of SHIB’s biggest problems hasn’t changed: there’s just too much of it sitting on exchanges. More than 81.5 trillion SHIB are readily available for trading, which creates a constant wall of potential sell pressure.
Because of that, every downturn tends to push the price to a new, lower base. Right now, trading activity looks more like people exiting positions than quietly accumulating.
Unless burn activity picks back up and sentiment improves, the idea of SHIB dropping another zero before 2025 is starting to look far less realistic.
