Shiba Inu’s price drop comes as burn rates plummet, whales sell significant holdings, and activity on Shibarium declines, signaling bearish momentum in the meme token’s market.
Shiba Inu (SHIB) extended its decline, breaking below key support amid sharp drops in burn rate, continued whale selling, and waning activity on the Shibarium network. The bearish breakout follows prior 24-hour losses exceeding 5% and comes despite earlier accelerated burn activity. Whale transactions moving large volumes to exchanges, coupled with reduced network engagement, have reinforced downward pressure. Shibarium’s slowdown and declining burns suggest weakening community-driven support as SHIB remains in a prolonged bearish trend.