From Yahoo Finance: 2025-06-15 07:54:00

Shiba Inu’s supply dynamics are bullish, but the second-largest joke cryptocurrency is under pressure. The burn rate surged over 112,000%, with 116 million coins permanently removed from circulation. Daily burn rate destroys tokens to decrease supply and bring deflationary appeal. Despite strong fundamentals, SHIB remains in a downtrend, trading at $0.00001190. Overnight, it faced selling pressure with resistance at $0.0000122. Charts show a potential 20% rally to $0.000016 with key resistance at $0.0000122. The narrow trading range indicates consolidation, with volume spikes coinciding with recovery attempts.



Read more at Yahoo Finance: Shiba Inu Price Sell-Off Continues as SHIB Burn Rate Skyrockets to 112,000%