$SHIB Latest Developments: As of the recent trading session, Shiba Inu (SHIB) has declined over 5.7% within 24 hours, significantly underperforming the overall cryptocurrency market which fell by 0.8%. Although the broader market is under pressure, the larger correction in SHIB indicates that the token itself is experiencing increasing stress. The wider market context shows that the cryptocurrency market is generally weak, with speculative assets hit the hardest. Meme coins like Shiba Inu naturally amplify market volatility — they can surge rapidly when risk appetite is high; when the market turns bearish, their declines are often larger than most assets. Today's movement reflects the latter scenario, with bearish momentum overwhelming the sector as investors reduce holdings in highly volatile assets. The real issue: beyond macro market dynamics, a more persistent challenge facing SHIB investors is the token’s massive circulating supply of 589.4 trillion tokens. Such a huge number of tokens creates structural resistance. When the network’s market cap is divided among hundreds of trillions of tokens, each unit’s ownership share becomes negligible. Historically, token issuance has continually diluted existing holders, exerting ongoing pressure on price increases. The Shiba Inu community has long hoped that token burns would be the primary means to reduce supply and reignite price momentum. Through this mechanism, over 400 trillion tokens have been permanently removed from circulation — a notable achievement. But concerningly, according to the latest data, SHIB’s daily burn rate has dropped to zero in the short term. This stagnation in burning activity, coupled with an intensifying wave of liquidations and increasing market bearishness, greatly dims SHIB’s short-term outlook.

SHIB-0.81%
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