Shiba Inu Burn Rate Surges 676% as Price Stalls Ahead of December

Shiba Inu (SHIB) kicked off the final days of November with a major spike in token burns, even as price action remained muted. 

Updated data from Shibburn shows that 61.8 million SHIB were burned in the past 24 hours, sending the daily burn rate soaring by 676%. 

The surge reflects renewed community activity, though it has yet to meaningfully impact the token’s price.

Weekly Burns Jump Over 155%

The increase in daily burns comes alongside a sharp rise in weekly totals. Over the past seven days, 114.4 million SHIB have been permanently removed from circulation, representing a 155.66% increase compared to the previous week.

Despite the burn acceleration, SHIB traded with little volatility, gaining only 0.45% in the past day to hover around $0.000008582. On a weekly basis, the token slipped 0.47% as traders navigated a calm and largely directionless market.

Seasonally, December has tended to deliver mild price movements for cryptocurrencies. Bitcoin, for instance, has historically averaged a 1.5% return during similar late-year periods since 2013, with only four negative sessions during comparable time frames.

Burn Activity Rises as SHIB Extends Monthly Losses

Shiba Inu started the week with a brief rebound, logging three consecutive green sessions from November 23 to November 25. The token climbed from $0.00000756 to $0.0000089 before the uptrend cooled.

Midweek losses followed, echoing a common pattern seen in prior years when crypto assets often soften before stronger liquidity inflows in early December. 

Historically, these early-month sessions have brought modestly positive movement, though 2025’s broader market conditions have weighed on SHIB’s ability to sustain momentum.

SHIB’s longer-term trend remains down despite the burn surge. The token has extended its monthly losses for the fourth month in a row, continuing a decline that began in July. 

It remains down 14.47% in November after closing October in the red for the first time in the project’s history.

Focus Shifts to December Catalysts

Attention now turns to December, as Coinbase prepares to roll out U.S. perpetual-style futures and expand 24-hour monthly futures trading access. 

These developments could introduce new liquidity and speculative activity into the SHIB market.

To secure a positive performance for the year, Shiba Inu would need to rally approximately 65% from current levels before 2025 closes. 

With burns rising but price momentum still lacking, traders are watching closely to see whether seasonal trends or new derivatives markets will ignite renewed demand.