$SHIB The Burn Mechanism of Shiba Inu recently encountered an interesting situation - the community's burning activities completely stopped in the past day. This directly led to continuous 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 dollars, underperforming the entire market. This is not even the most painful part. There are over 81.5 trillion SHIB piled up in the exchange, and this floating supply itself constitutes a massive sell wall.

In the absence of deflationary burn mechanisms, this 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 at $0.0000070. It seems that new incremental demand is needed to take over in the short term; otherwise, the downward momentum will continue to be released.