Shiba Inu burn rate recently skyrocketed by 217%, leading to the destruction of 4,971,698 SHIB.
Shibburn, the dedicated burn tracker for the Shiba Inu SHIB $0.000009 24h volatility: 2.3% Market cap: $5.14 B Vol. 24h: $232.02 M ecosystem, revealed that the burn rate has increased by 217% over the last 24 hours. As a result, 4,971,698 SHIB have been permanently removed from circulation, adding to the already large number of burnt tokens. Surprisingly, the SHIB price has shown no positive reaction to this burn action.
SHIB Price Fails to Follow Increased Burn Rate
As of Dec. 4, the SHIB burn rate is one of the few metrics in the Shiba Inu ecosystem that has flipped positive.
Altogether, the second-largest meme coin has recorded the burning of 410,753,835,277,822 SHIB from the initial supply. Notably, there are still 585,267,763,742,129 tokens left in circulation.
With this magnitude of supply crunch, the expectation is that the SHIB price will jump, following the economic principle of supply, demand, and price. For perspective, it states that a shrink in supply combined with steady or rising demand would drive the value of an asset higher. Currently, this is not the case with SHIB price performance.
According to CoinMarketCap data, SHIB has a market value of $0.000008783 at press time, corresponding with a 1.75% dip within the last 24 hours.
It is not yet clear if this is a long-term issue, but it is likely to be attributed to the fluctuation in market sentiment. As Bitcoin makes a recovery move, it seems to have dragged altcoins backward.
Meanwhile, SHIB’s 24-hour trading volume looks good after soaring by 40.8% $233 million.
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With this positive momentum, it is now ranked among the best crypto presales of 2025.
The official presale website indicates that the token price is set to be adjusted in about 2 days and 14 hours. Purchases can be completed using credit or debit cards, as well as cryptocurrency.
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