SHIB Struggles for Momentum as Falling Burn Rate Puts 10% Downside in Focus

NewsSun, 09 Aug 2026 07:40:00 UTC2 hours ago
SHIB Struggles for Momentum as Falling Burn Rate Puts 10% Downside in Focus

  • SHIB faces selling pressure as declining burns weaken a key bullish catalyst.
  • A break below $0.00000460 could expose SHIB to more than 10% downside.
  • Weak retail sentiment and delayed CLARITY Act voting add pressure to SHIB.

Shiba Inu faces renewed selling pressure as traders become more cautious. SHIB has struggled to maintain momentum after recent weakness across crypto markets. A declining token burn rate has added another concern for holders. Retail demand also appears less convincing amid broader market uncertainty. Meanwhile, SHIB now tests an important technical support area. A decisive break below support could expose the meme coin to deeper losses. Traders now watch whether buyers can defend the current price zone.

https://twitter.com/i/status/2085345921945223363

Declining Burn Rate Weighs on Shiba Inu

Shiba Inu burned more than 97 million tokens on Saturday. The increase matched the token’s rebound earlier during the week. However, burn activity has declined sharply since then. Daily burns fell to just 6.62 million tokens on Thursday. That drop suggests weaker supply reduction across the Shiba Inu ecosystem. A lower burn rate can reduce one potential source of long-term support. Traders may therefore pay closer attention to burn activity during the current pullback.

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