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SHIB burn stagnates, 815 trillion tokens suppressing the price, can it hold the support level?
[Coin World] SHIB holders need to be cautious. According to on-chain data, the burn activities have completely halted over the past day, which means no tokens have been removed from circulation, putting Shiba Inu under supply pressure. As a result, the price has dropped by 2.05%, falling to $0.000007144, underperforming the market. Even more concerning is that there are still 815 trillion SHIB sitting in exchange accounts, which could get dumped at any moment. Analysts see it clearly: without a burn mechanism to balance the supply, combined with such a large circulating supply on exchanges, the price could easily break below the $0.0000070 defense line. In the short term, the lack of deflationary momentum has become the biggest suspense.
Shiba Inu has completely cooled off this time, we can only pray it doesn't break 0.000007.
815 trillion coins hanging over us, how painful that must be.
Without a burn mechanism, it's just a pit, anyone who buys will regret it.
This supply pressure really depends on when the exchange will take action.
It feels like it's going to fall even harder, no one is coming to the rescue.
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81.5 trillion coins are sitting on the exchange, this is the real nightmare.
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Another project relying on burn mechanism for survival, without the burn mechanism it has shown its true form.
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Want to defend the line while underperforming the market? Dream on.
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With such huge supply pressure, what can we expect? Anyway, I've already sold out.
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It's only a matter of time before the price breaks the defense line, there’s no suspense.
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81.5 trillion SHIB is like the sword of Damocles, who dares to catch a falling knife.
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Without the burn days for Shiba Inu, just wait to be smashed.