- Shiba Inu burn rate surged 222%, destroying over 140 million SHIB in one day.
- Despite the massive burn, SHIB’s price dipped 2.12% to $0.00001043.
- Analysts expect a rebound if broader crypto market conditions improve soon.
Shiba Inu is back in the spotlight after a sharp rise in its burn activity. Data from Shibburn shows the burn rate jumped by 222% within 24 hours. Over 140 million SHIB tokens have been permanently removed from circulation. While this aggressive reduction excites the community, SHIB’s price remains under pressure. The question now is whether this massive burn will finally trigger a price recovery.
SHIB Burn Rate Jumps, But Price Lags Behind
The latest SHIbburn data reveals that 140,391,783 SHIB tokens were burned, signaling renewed network activity. A total of 410.75 trillion tokens have now been destroyed from the original supply. With a maximum cap of 999.98 trillion tokens, the circulating supply has dropped to about 585.2 trillion. Usually, a shrinking supply combined with steady demand supports upward price movement.
However, SHIB has struggled to maintain momentum. The token trades around $0.00001043 after a 2% dip in 24 hours. Despite multiple burn surges in recent weeks, the price remains sluggish. Last week’s 13,120% burn rate spike also failed to push SHIB toward a new monthly high. Investors are growing cautious as price movement continues to defy expectations.
The market appears to be waiting for stronger catalysts beyond burns to drive value higher. Shiba Inu currently ranks as the 21st largest cryptocurrency with a $6.14 billion market cap. Trading volume has fallen 10%, sitting at $183.62 million over the past day. This decline signals fading short-term interest, even as supply continues to shrink.
What Could Drive a SHIB Price Rebound?
Analysts believe SHIB needs more than token burns to fuel the next rally. Broader crypto market sentiment will play a major role in shaping the coin’s direction. If Bitcoin and Ethereum regain momentum, SHIB could follow suit as liquidity returns. Community-driven developments may also reignite excitement. The Shiba Inu team continues to focus on ecosystem expansion through Shibarium and new use cases.
These long-term projects aim to boost real-world utility and encourage more token activity. For now, the burn rate remains an encouraging sign of community engagement. However, traders should remain cautious until price movement confirms a trend reversal. Sustained trading volume and renewed investor confidence could be the missing ingredients for SHIB’s next breakout.
The surge in burn activity highlights the community’s determination to reduce supply and support long-term value. Whether this effort translates into a meaningful price rebound depends on market recovery and renewed demand. Shiba Inu may be down, but its loyal base continues to push for progress. A few positive shifts in sentiment could quickly turn the tide in favor of SHIB holders.
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