Crypto
Shiba Inu Burn Rate Plummets as Token Faces 10%+ Drawdown Risk
The Shiba Inu token's burn rate has declined by over 60% in the last seven days, according to Shibburn data.
This reduction in token destruction weakens the deflationary narrative that has buoyed SHIB prices.
A lower burn rate means more tokens remain in circulation, increasing supply pressure and potentially driving prices lower.
From a technical perspective, SHIB is trading near a critical support zone at $0.000010, with immediate support at $0.00000950.
If this level fails, the next major support lies at $0.00000880, which corresponds to a drawdown of approximately 12% from current prices.