SHIB burn rate fell by roughly 54.8% week-over-week, reducing token removals to 8,466,318 SHIB; the drop coincided with a modest Shiba Inu price decline, but recent price rebounds suggest limited immediate market damage.
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SHIB burns crash 55%
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Weekly burn rate down 54.79% to 8,466,318 SHIB; daily burns down 0.53%.
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Price moved from $0.00001218 to $0.00001305 after short-term volatility.
SHIB burn rate down 54.79%, Shiba Inu price slips then recovers — read immediate data and next steps; stay informed with COINOTAG coverage.
What caused the SHIB burn rate to fall 55%?
SHIB burn rate declined by about 54.79% week-on-week, according to data published by the Shibburn wallet tracker. Lower weekly burns reflect fewer large transfers to unspendable addresses, even as several sizable burn transactions still occurred.
How large were the recent SHIB burn transactions?
There were five notable burn transactions over the past seven days that together made up the bulk of the weekly total: 1,033,449; 1,176,958; 1,136,833; 2,663,204; and 1,011,990 SHIB. In total, 8,466,318 SHIB were sent to unspendable addresses during the reported week.
How has the daily burn rate changed?
The daily burn rate is also down slightly, showing a 0.53% decline. Over the past 24 hours the amount locked out of circulation was 69,781 SHIB, per the Shibburn data release.
How is Shiba Inu price responding to lower burn activity?
Shiba Inu price reacted with a short-term dip — falling 1.64% to $0.00001286 — then recovered to trade around $0.00001305 as investors absorbed the burn-rate news. Between Saturday and Tuesday, SHIB gained 7.34%, moving off the $0.00001218 level recorded at the weekend’s start.
Does a lower burn rate always mean price weakness?
Not necessarily. Burns reduce circulating supply and can support price over time, but price action also depends on market demand, broader crypto flows, and trader sentiment. The recent rebound suggests demand offset the immediate impact of reduced burns.
| Metric | Value (Week) | Value (24h) |
|---|---|---|
| Weekly burn change | -54.79% | — |
| Weekly SHIB burned | 8,466,318 SHIB | — |
| Daily burn change | — | -0.53% (69,781 SHIB) |
| Price movement (most recent) | +7.34% (Sat–Tue) | -1.64% intraday then +1.52% recovery |
Why does this burn decline matter to investors?
Burn metrics are a supply-side measure. A sustained reduction in burns can slow the pace at which circulating supply contracts, potentially weakening a long-term bullish narrative if demand doesn’t rise. Short-term price moves, however, remain driven by trading volumes and market sentiment.
How should traders monitor SHIB burn data?
Track weekly and daily burn totals, watch for large single transactions, and compare burn trends with on-chain liquidity indicators. Use simple, repeatable checks: review weekly totals, flag any single transaction >1M SHIB, and correlate burns with price and volume moves.
Frequently Asked Questions
How much did SHIB burns fall this week?
The weekly SHIB burn rate fell approximately 54.79%, totaling 8,466,318 SHIB removed from circulation during the reported seven-day period.
Is the SHIB price drop caused solely by lower burns?
No. The small intraday price drop coincided with lower burns but was likely influenced by broader market conditions and trader activity. Price later showed a modest recovery.
Where does this burn data come from?
The figures were published by the Shibburn wallet tracker and reported in this coverage by COINOTAG; no external links are provided in this article.
Key Takeaways
- Significant weekly decline: SHIB weekly burns dropped ~54.79% to 8,466,318 SHIB.
- Large transactions still occurred: Five major burns accounted for most of the weekly total.
- Price resilience: SHIB briefly fell but recovered, indicating demand offset reduced burns.
Conclusion
This week’s SHIB burn rate decline highlights supply-side variability in the Shiba Inu ecosystem, while the token’s price exhibited short-term resilience as traders digested the data. Monitor ongoing burn trends alongside volume and market indicators to assess potential medium-term impacts. COINOTAG will update this coverage as new on-chain data becomes available.
