SHIB burn rate has collapsed, falling about 87% week-over-week while the Shiba Inu price trades in a narrow range near $0.000013. The sharp drop in burns reduces downward pressure on circulating supply, but total locked and unspendable SHIB remains substantial and merits monitoring.
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SHIB burns show massive negative U-turn
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SHIB price down, trading in a range
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87.11% weekly burn decline; 2,741,316 SHIB burned this week
SHIB burn rate drops 87% while Shiba Inu price trades sideways near $0.000013 — read the latest metrics and supply data to see what’s next. Stay informed with COINOTAG.
What is driving the SHIB burn rate decline?
The SHIB burn rate refers to the quantity of Shiba Inu tokens removed from circulation via transfers to unspendable addresses. Over the past seven days the burn rate fell by 87.11%, per metrics reported by the Shibburn wallet tracking platform (reported as plain text).
That decline means fewer SHIB tokens are permanently removed from circulation, even though the community still burned 2,741,316 SHIB over the same period.
How large is the current SHIB circulating supply and locked balance?
As of the latest update, the circulating supply stands at 589,247,707,706,325 SHIB. An additional 410,752,292,363,094 SHIB have been transferred to unspendable blockchain addresses and are effectively locked. These figures indicate a substantial minted base with a significant locked proportion.
How does the recent burn trend affect price momentum?
Burns can reduce circulating supply over time, which may support price if demand is stable or rising. However, the current sharp reduction in burn activity removes one potential source of supply tightening. Price action reflects this — SHIB dropped over 6% on Monday, slipping below $0.00001381 to $0.00001309, and has since traded sideways.
When did SHIB price move, and what are recent levels?
This week began with a negative move: SHIB declined more than 6% on Monday, hitting $0.00001309. Across the weekend the token fell 10.48% from $0.00001463 to current ranges. Since that drop, price has lacked directional conviction and remains range-bound near the $0.000013 mark.
Why are smaller-cap meme coins lagging larger altcoins?
Large-cap tokens like Ethereum, Solana, and Binance Coin have shown stronger performance and new highs this year, attracting capital and liquidity. Smaller-cap meme tokens such as Shiba Inu often lag due to lower institutional demand, higher circulating supply, and less on-chain utility, which limits sustained rallies.
Key metrics snapshot
| Metric | Value |
|---|---|
| Weekly burn change | -87.11% |
| SHIB burned (7d) | 2,741,316 SHIB |
| Daily burn change | -57.88% |
| Locked in unspendable wallets | 69,420 SHIB (recent daily) |
| Circulating supply | 589,247,707,706,325 SHIB |
| Total unspendable | 410,752,292,363,094 SHIB |
| Recent price range | $0.00001309–$0.00001381 |
How to interpret SHIB burn metrics?
Use burn metrics alongside on-chain demand, exchange flows, and overall market sentiment. A single-week drop in burns does not invalidate long-term supply reductions but signals weaker community-driven removals in the short term.
- Check weekly and daily burn trends to detect momentum shifts.
- Compare burns vs. net exchange inflows/outflows for real supply pressure insights.
- Monitor wallet activity and concentration to assess potential sell-side risk.
Frequently Asked Questions
How big was the SHIB burn rate decline this week?
The SHIB burn rate fell by approximately 87.11% week-over-week, with a total of 2,741,316 SHIB burned in the seven-day window.
Is reduced burning driving the SHIB price drop?
Reduced burning contributes to weaker supply-tightening dynamics, but price moves are multi-factorial. Recent SHIB declines coincided with broader market rotation and lower demand for smaller-cap meme assets.
Where does this data come from?
Metrics are reported by the Shibburn wallet tracking platform (plain text mention). COINOTAG corroborates on-chain figures and market price data for reporting accuracy.
Key Takeaways
- Sharp burn decline: Weekly SHIB burns dropped ~87%, signaling lower short-term supply reductions.
- Range-bound price: SHIB is trading around $0.000013 after a >6% Monday drop and a 10.48% weekend slide.
- Monitor supply & demand: Watch burns alongside exchange flows and wallet concentration for clearer price signals.
Conclusion
The recent collapse in the SHIB burn rate reduces near-term supply removal while the Shiba Inu price remains range-bound. Investors should track burns, exchange activity, and on-chain balances for signs of renewed demand. COINOTAG will update readers as new data and trends emerge. .
