The burns of Shiba Inu are the main catalyst driving its price on the charts, after plummeting 99% on Thursday. Only 101,213 tokens $SHIB were burned in the last 24 hours, equivalent to less than $1.2. The sharp drop in figures is concerning, as without burns, its price will not advance.
SHIB is currently trading in the range of $0.00001163 on Thursday and remains in the red. Daily, weekly, monthly, and yearly charts also show red numbers as the value of Shiba Inu collapses. If it does not maintain its resistance level, the dog token could add another zero.
The price of SHIB is decreasing not due to lower burn volume, but because it failed to attract buying pressure. Enthusiasm for Shiba Inu seems to have faded, and public opinion on social media has declined. The decrease in social media conversations has made the token invisible, failing to attract buying pressure from investors.
The token has been under intense scrutiny by investors as its price remains stable or is declining. Shiba Inu has hardly experienced sharp price increases this year, making it one of the worst-performing cryptocurrencies in 2025. However, those with a long-term position who want to invest without worrying about price drops may open a position now.
