Shiba Inu Price Falls 3.10% as 1.15M SHIB Burned — Is Leadership Turmoil to Blame?

Shiba Inu (SHIB) slipped 3.10% in the past 24 hours, settling at $0.00001181. The decline comes even as more than 1.15 million SHIB tokens were burned in the same period, marking a sharp 397% increase in daily burn ￰0￱ the burn signals efforts to reduce supply, the market reaction shows continued investor ￰1￱ Woes and Security Setbacks Weigh on SHIB Despite the burn, SHIB has lost 11% in the past week, falling out of the top 20 cryptocurrencies by market cap. Long-standing enthusiasm among holders has cooled, with many pointing to stagnating prices and missed ￰2￱ uncertainty has made the situation ￰3￱ developer Shytoshi Kusama has hinted at stepping aside, even suggesting a possible community election to choose a successor.

Meanwhile, top developer Kaal Dhairya has distanced himself from assuming leadership, leaving investorsShiba Inu Slips 3.10% Despite 1.15M SHIB Burn — Can It Bounce Back Amid Leadership Uncertainty? unsure of the project’s ￰4￱ and security setbacks have also hit the ￰5￱ this month, the Shibarium Bridge suffered a hack that drained more than $4 ￰6￱ efforts remain stalled, and the bridge has yet to ￰7￱ has made his social accounts private, while marketing lead Lucie has scaled back public ￰8￱ vacuum of communication has left many holders questioning the project’s stability and ￰9￱ SHIB Overcome Hurdles to Reach the $1 Dream? The prospect of SHIB reaching $1 has sharply divided its ￰10￱ argue that massive token burns combined with real-world utility could create the right ￰11￱ previously referenced a ChatGPT-based analysis that suggested such a target, while acknowledging the scale of challenges ￰12￱ counter that without stronger leadership and utility adoption, the path to $1 remains more aspirational than ￰13￱ a technical standpoint, SHIB recently dipped below its support but quickly reclaimed the zone, showing some hidden buying ￰14￱ token now sits near the lower edge of a triangle formation, a structure often linked to decisive market ￰15￱ bounce from imbalance areas suggests that demand still exists at critical ￰16￱ note that if momentum holds, SHIB could attempt a breakout toward higher price zones, though volatility is ￰17￱ Shiba Inu stands at a ￰18￱ burn rates show commitment to reducing supply, but unresolved leadership issues, unfinished projects, and lingering security concerns weigh heavily on ￰19￱ SHIB to mount a true recovery, the community will need more than burns—it will need clarity, trust, and sustainable development.