Shiba Inu (SHIB) is under significant pressure as its price approaches a critical support level at $0.0000181. The main concern revolves around the 142 trillion SHIB tokens that have yet to be burned, which presents a significant risk to the cryptocurrency's price stability.
Despite experiencing a marginal gain of 0.01% in the last 24 hours, analysts remain worried about the unburned tokens' potential impact on SHIB's price. This vast amount of excess tokens represents a potential oversupply in the market, intensifying the pressure on maintaining its current price level.
The ongoing situation continues to attract the attention of analysts who are closely monitoring any developments. The critical question remains whether Shiba Inu can navigate through this challenge and sustain its price stability amid the looming threat posed by the considerable number of unburned tokens.
