The burn mechanism of Shiba Inu has recently encountered an interesting situation - the community's burn activities completely stopped over the past day. This has directly led to sustained pressure on the supply side.

No tokens have been removed from circulation, and the price of SHIB has dropped by 2.05%, currently reported at $0.000007144, underperforming the entire market. This is not the most painful part. Over 81.5 trillion SHIB are piled up in exchanges, and this floating supply itself constitutes a massive sell wall.

In the absence of support from a deflationary burn mechanism, the situation has become a bit dangerous. Market participants generally expect that if selling pressure continues, the price is likely to break through the support line of $0.0000070. It seems that new incremental demand will be needed to take over in the short term; otherwise, the downward momentum will continue to be released.