Shiba Inu’s price is under pressure as its burn rate slumps, fueling concerns about the token’s long-term prospects. While the SHIB ecosystem once enjoyed significant hype, recent developments indicate a weakening foundation that might lead to a major correction. 85% decline in burn rate raises alarm bells, signaling potential supply scarcity struggles. Shibarium network activity has also dwindled, further dampening investor confidence. Whales are pulling back, adding fuel to the downturn as their influence diminishes. The technical outlook is bleak, with SHIB’s price falling below key support levels and breaking below the 50-day moving average. This could signal a deeper correction in the coming days.