Shiba Inu’s token burn activity continued to weaken even as more than three million SHIB were permanently removed from circulation over the past day. According to the latest burn data, the daily burn rate declined by 15.80%, the weekly burn rate dropped 28.12%, and the monthly burn rate fell 37.44%, signaling a broad slowdown in the deflationary mechanism.
Over the previous seven days, the community burned 59.77 million SHIB, worth roughly $251 at current prices. Over a thirty-day period, total burns reached 286.85 million SHIB. While these figures show continued participation, they have done little to reduce the token’s enormous circulating supply. Overall, 41.08% of SHIB’s original supply has been destroyed—over 410.84 trillion tokens across more than 21,266 burn transactions. The vast majority of this total still traces back to Ethereum co-founder Vitalik Buterin’s historic burn of roughly 410 trillion SHIB in May 2021, limiting the impact of recent burns.
Despite the weakening burn trend, SHIB’s price remained relatively stable. It traded near $0.000004164, down 1.63% over 24 hours but holding a modest 0.82% weekly gain. Bitcoin hovered around $65,000 while the broader crypto market paused, weighing on SHIB and other major assets. U.S. jobless claims came in at 187,000, below the expected 212,000, shaping sentiment but not sparking a directional shift.
Liquidity conditions also played a role. CryptoQuant observed that stablecoin purchasing power appears to be stabilizing, but overall liquidity has yet to recover enough to support a sustained market-wide advance. The firm noted that stronger bullish momentum would require exchange reserves to stabilize and new stablecoin issuance to consistently outpace redemptions. Therefore, while SHIB’s burn mechanism remains active, broader market liquidity and investor activity are currently more influential on its price than the ongoing supply reduction.
