Shiba Inu Burns Stall at Zero for Second Straight Day—Community Raises Concerns - Crypto Economy

TL;DR:

• The Shibburn portal reports near-zero burn activity for 48 consecutive hours.
• Despite the technical stagnation, the SHIB price has managed a recent 2.53% rebound.
• The coin’s correlation with Bitcoin continues to set the pace for its recovery.

The market’s second-largest memecoin is facing a critical moment. Data shared by the tracker Shibburn reveals that, for the second day in a row, Shiba Inu burns stall at zero, information that has sounded alarms among investors waiting for a reduction in supply.

While the community continues to make minor efforts, the results over the last 24 hours have not been entirely favorable. During this period, only 45,106 SHIB tokens were transferred to dead wallets in just two transactions—a symbolic figure that fails to move the needle on the total supply.

This stagnation contrasts sharply with the volatility recorded earlier this week, when the burn metric showed five-digit growth. However, even with that massive percentage surge, the actual amount of assets destroyed was less than one million coins.


Price Recovery and Correlation with Bitcoin

On the financial side, Shiba Inu attempted to regain ground after a previous 7% drop. Instead, it achieved a modest increase of 2.53%, reaching the $0.0000561 level, moving in sync with the fluctuations experienced by the global market led by the pioneer cryptocurrency.

The primary catalyst for these movements is Bitcoin, reacting to geopolitical tensions and economic news from the United States. As the king coin remains above $70,000, large-cap assets like SHIB have been able to avoid deeper losses during this cycle of volatility.

In summary, for the time being, the community remains attentive to the reactivation of Shibarium’s deflationary mechanisms. While Shiba Inu burns stall at zero, the price’s resilience in the face of the lack of massive burns suggests that market sentiment remains cautious but expectant of a possible trend change.