Shiba Inu Burn Rate Skyrockets Over 1,700% as Community Accelerates Supply Reduction

Shiba Inu (SHIB) has recorded an extraordinary increase in its burn rate, with 35,386,697 SHIB permanently removed from circulation in the past 24 hours. 

The surge represents a staggering 1,726.32% jump compared to the previous day, signaling renewed momentum in the community’s long-term effort to cut supply.

The intensified burn activity has pushed Shiba Inu’s total circulating supply down to 589,246,171,323,119 SHIB. 

With more tokens continuously sent to dead wallets, the deflationary push continues to gain traction and is being closely watched by traders eyeing potential market impacts.

Weekly Burn Rate Climbs as Supply Reduction Efforts Expand

The increase is not limited to daily burns. Over the past week, the burn rate has climbed 148.46%, with a total of 116,664,862 SHIB eliminated in seven days. 

This sustained burn momentum suggests that the community’s organized initiatives — often coordinated through burn campaigns and automated mechanisms — are accelerating.

Analysts note that consistent burns at this scale can gradually support market dynamics by tightening supply over time.

SHIB Price Under Pressure Despite Massive Burn Spike

Despite the dramatic surge in burn activity, Shiba Inu’s price continues to face downward pressure. SHIB is trading at $0.000007917, down 1.34% over the last 24 hours as broader market sentiment remains bearish.

The downturn reflects ongoing market challenges affecting major cryptocurrencies as December begins, making it difficult for SHIB to capitalize immediately on the supply reduction.

Can the Burn Surge Trigger a December Price Reversal?

Historically, Shiba Inu has struggled during the month of December. Notable declines in 2021 and 2022 have shaped expectations for the token during this period. 

However, the latest burn surge introduces a potential wildcard that could influence price action if momentum persists.

Shiba Inu closed November down 16.67%, marking its fourth consecutive red month. With sentiment weakened, the burn spike may serve as a key catalyst for any potential recovery — especially if investors view the shrinking supply as a longer-term bullish signal.

Community Push Intensifies as SHIB Awaits a Breakthrough

While SHIB’s price continues to battle headwinds, the explosive rise in burn activity underscores the community’s determination to strengthen the token’s economic structure. 

If burns continue at this pace, analysts believe they could help improve market psychology and support a possible reversal in the weeks ahead.

For now, Shiba Inu’s future trajectory may depend on whether the burn momentum can overcome the broader market downturn and help the token regain bullish footing.