Shiba Inu's Downtrend Intact as Daily Burn Rate Tanks by 63%

Shiba inu (SHIB) remains locked in a downtrend despite recovering from overnight lows, as the sharp drop in the "daily burn" rate has dented deflation prospects.The token has recovered to trade near $0.000012650 at the time of writing, having reached a low of $0.00001234 during the Asian hours source: https://www.coindesk.com/markets/2025/06/09/shiba-inu-s-downtrend-intact-as-daily-burn-rate-tanks-by-63