Shiba Inu Burn Rate Plunges 72% While Weekly Figures See a 164% Surge

• SHIB’s day-to-day burn pace fell 72%, with 8.7 million tokens withdrawn from circulation in the past 24 hours.
• Weekly burn movement surged by 164%, with over 102 million SHIB tokens sent to unspendable addresses.
• SHIB’s price fell 13% this week, indicating volatility despite the community’s ongoing burn.

The Shiba Inu community continues its efforts to reduce the circulating supply of meme coins. According to data from Shibburn, the SHIB burn rate has undergone a drop in 24 hours. This dip relates to SHIB’s price movement, as the second-largest meme-inspired digital asset recently joined the red zone on the charts.

In the last 24 hours, the SHIB community removed approximately 8,738,201 SHIB tokens from circulation. These tokens were transferred to unspendable blockchain addresses, effectively reducing the supply. Despite the continued burning efforts, the daily burn rate plummeted by over 72%, placing the metric in negative territory.

Although the daily burn rate remains low, the weekly figures present a different scenario. Over the past seven days, a total of 102,867,453 SHIB tokens have been sent to dead-end wallets. This marks a 164.53% increase in the weekly burn rate. The data reflects a trend of fluctuating burn activity, with occasional sharp spikes in the rate.

The beginning of 2025 has seen varied burn rates for SHIB. Data indicates several instances where the burn rate surged by 1,000% to 2,000% within a single day. However, these increases have not been consistent, with daily rates often reverting to lower levels shortly afterward.

While the burn initiative aims to reduce the SHIB supply, the token’s price has faced significant challenges. SHIB has dropped 3.35% in value within the past day. On a weekly scale, the total decline has reached 13%, reflecting ongoing market pressure on the cryptocurrency.

The Shibburn data underscores the community’s ongoing commitment to reducing the SHIB supply despite the current volatility. Both the burn rate and the price trends remain closely watched by market participants.