- Shiba Inu recorded zero token burns in the past 24 hours, marking a 100% drop in its deflationary activity and raising concerns among investors.
- With SHIB trading near a crucial support level and large holders selling off, the lack of burn activity may hinder any potential price recovery.
In an unexpected twist, Shiba Inu (SHIB) has recorded zero token burns in the past 24 hours — a first in recent memory — sparking concern among investors and market watchers. With SHIB’s price hovering precariously near a key support level, the absence of burn activity could not have come at a worse time.
Shiba Inu Deflation Strategy Paused
Shiba Inu relies on token burns to maintain a deflationary model. By permanently removing tokens from circulation, the community hopes to reduce supply and strengthen demand.Shibburn reported that users did not send any SHIB tokens to dead wallets in the last 24 hours, causing the burn rate to drop by 100%.
This record-setting inactivity contradicts recent calls by Shiba Inu’s marketing lead, Lucie, who urged the community to ramp up burns using the project’s Layer-2 solution, Shibarium. Her appeal seems to have gone unheeded, raising questions about community engagement and long-term commitment.
Shiba Inu Price Under Pressure
At the time of writing, SHIB trades at $0.00001190, down 2.65% in the last 24 hours. The meme coin has now slipped more than 8% since June began and continues to battle resistance around the $0.0000130 mark. Analysts warn that a break below the $0.000011 support level could open the door to even deeper losses.
Despite the price dip, trading volume is up nearly 44%, reaching $154 million. This increase could suggest short-term interest from traders, but the lack of whale accumulation or strong buying pressure paints a bearish picture.
What This Means for SHIB
The zero burn activity is more than just a symbolic setback — it could have real consequences on price recovery. With fewer tokens being destroyed and selling pressure from large holders, SHIB’s deflationary appeal weakens. The community now faces a crucial question: Will they reignite burn initiatives, or let the token drift further?
To revive SHIB’s price prospects, both an uptick in burn activity and stronger market participation are needed. Until then, the meme coin remains under pressure, testing the patience of its loyal holders.
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