SHIB burn rate plunged roughly 94–95% over the past week and day, according to on-chain platform Shibburn, yet the community still removed 9,434,807 SHIB from circulation last week; price has recovered 3.25% after a recent 12.38% dip.
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SHIB burn rate dropped ~94–95% week-over-week and daily
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Community still burned 9,434,807 SHIB in the week despite the collapse
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SHIB price rebounded 3.25% after a 12.38% crash; trading near $0.00001210
SHIB burn rate down 95% week-over-week; community still burned millions — read the latest on price and supply changes. Stay informed with COINOTAG.
Key update: On-chain tracker Shibburn reports a severe contraction in the SHIB burn rate — down about 94.05% for the week and 95.46% for the daily measure — while the community still removed 9,434,807 SHIB from circulation over seven days.
What happened to the SHIB burn rate this week?
SHIB burn rate collapsed week-over-week by 94.05%, according to on-chain data from Shibburn. Despite the percentage drop, the net token removal remained material: 9,434,807 SHIB were transferred out of circulation over the last seven days.
How large was the daily burn decline?
Daily burn activity fell by 95.46%, leaving just 169,895 SHIB burned in the most recent 24‑hour tally reported by Shibburn. This shows a sharp slowdown in sustained burn transactions compared with the prior period.
How did SHIB price react to the burn slowdown?
SHIB price rebounded 3.25% in the past 24 hours after a 12.38% price crash between Sunday and Monday. Price movements earlier in the week produced several red hourly candles; at the time of reporting SHIB trades near $0.00001210, after a modest pullback of 1.18% following the rebound.
Why does burn rate matter for Shiba Inu holders?
Burns reduce circulating supply, which can affect scarcity over time. Even when percentage-based burn rates fall, absolute token removals (millions of SHIB in this case) still represent supply reduction events that investors monitor for long-term impact.
When were these figures reported and by whom?
Data cited here comes from the on-chain tracker Shibburn and price aggregates from major cryptocurrency exchanges (reported as plain text). Publication date: . Author/organization: COINOTAG.
What does the short-term outlook show?
Short-term price action is driven by broader market correlation and trading liquidity; the recent rebound partially offset the earlier crash but volatility remains. Observers should watch burn activity and exchange flows for further signals.
How to verify SHIB burn and price data yourself?
- Check on-chain burn data on neutral tracking platforms such as Shibburn (plain text reference).
- Compare exchange price quotes across major venues for consistent pricing.
- Monitor net token transfers and supply-change events over 7‑ and 30‑day windows.
Frequently Asked Questions
How much SHIB was burned in the last seven days?
According to on-chain figures, the Shiba Inu community removed 9,434,807 SHIB from circulation in the past seven days despite the steep percentage drop in burn rate.
Is the SHIB burn rate drop a long-term concern?
A single-week or daily collapse in burn rate is notable but not definitive for long-term supply dynamics; continued monitoring of burn totals, exchange flows, and broader market conditions is required for a full assessment.
Key Takeaways
- Sharp burn decline: Weekly and daily burn rates plunged ~94–95%.
- Still meaningful burns: 9,434,807 SHIB removed in seven days; 169,895 SHIB burned in the latest daily tally.
- Price recovery: SHIB rebounded 3.25% after a 12.38% crash; volatility remains.
Conclusion
The recent SHIB burn rate collapse highlights lower burn activity but does not eliminate ongoing supply reduction — millions of SHIB were still burned last week. Price has shown resilience with a 3.25% rebound. COINOTAG will continue to monitor on-chain burn metrics and market moves for further developments.
