The post Shiba Inu Burn Rate Rockets 500% in Rare Upside for Price appeared on BitcoinEthereumNews.com. Shiba Inu (SHIB) has recorded a massive surge in burn rateThe post Shiba Inu Burn Rate Rockets 500% in Rare Upside for Price appeared on BitcoinEthereumNews.com. Shiba Inu (SHIB) has recorded a massive surge in burn rate

Shiba Inu Burn Rate Rockets 500% in Rare Upside for Price

Shiba Inu (SHIB) has recorded a massive surge in burn rate within the last 24 hours. Shibburn, the platform that tracks the metric, reveals that this deflationary mechanism spiked by 500.68% as 10,491,803 SHIB were sent to dead wallets.

Is massive SHIB supply limiting impact of burn mechanism?

Notably, this burn occurred as a single transaction with all 10.49 million SHIB incinerated in the only activity within the time frame. It is currently unclear if a whale carried out the burn in a move to support price action.

The Shiba Inu community has always relied on the burn mechanism as a deflationary tool to stabilize the price. The idea is to reduce the circulating supply with the hopes that the scarcity created could trigger a price rebound on the market.

With the recent burn activity, the total Shiba Inu wiped out permanently from the initial supply now stands at 410.75 trillion SHIB.

Despite this massive volume that has been sent to dead wallets, the total Shiba Inu supply remains 589.25 trillion SHIB. Out of this, 585,412,056,301,922 SHIB are in the circulating supply, while the remaining 3.833 trillion SHIB have been staked.

Shiba Inu Burn Rate | Source: Shibburn

The massive volume of Shiba Inu that remains in circulation has caused some to argue that the burn mechanism has not produced anticipated results. Regardless of the volume incinerated, the process does very little to lift Shiba Inu out of a declining phase.

The dog-themed meme coin has been battling bearish conditions for a while, and despite repeated burn activity, it added a zero. Some consider the burn activity as statistical noise, given that the process is neither structured nor systemic. It is left to the discretion of the community, so it is not effectively reducing the total SHIB supply.

Additionally, even when burn activity is carried out, and there is no buying pressure, the price is unlikely to climb. This sort of defeats the purpose of the mechanism.

Shiba Inu price in spotlight

As of press time, Shiba Inu has shed 5.1% of its value and exchanges hands at $0.000007181. 

The meme coin slipped from a daily high of $0.000007571 to its current level as billions of SHIB were moved to exchanges, signaling increased sell pressure.

Meanwhile, the on-chain activity from ecosystem whales has reduced significantly. These holders are critical to upward price movement for the meme coin, and their pullback has negatively impacted the price outlook.

Another bearish indicator is the plunge in open interest within the last 48 hours. Shiba Inu investors are not confident enough to bet on the meme coin as open interest dipped by over 8%.

Source: https://u.today/shiba-inu-burn-rate-rockets-500-in-rare-upside-for-price

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Shanghai residents flock to sell gold as its price hit record highs

Shanghai residents flock to sell gold as its price hit record highs

The post Shanghai residents flock to sell gold as its price hit record highs appeared on BitcoinEthereumNews.com. Gold surged over the $5,500-per-ounce milestone
Share
BitcoinEthereumNews2026/01/31 01:48
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
UBS Urges Critical Caution On USD Positioning

UBS Urges Critical Caution On USD Positioning

The post UBS Urges Critical Caution On USD Positioning appeared on BitcoinEthereumNews.com. Dollar Weakness Warning: UBS Urges Critical Caution On USD Positioning
Share
BitcoinEthereumNews2026/01/31 02:17