Shiba Inu (SHIB) recently saw a dramatic surge in its burn activity, but the token's price response remained muted, raising questions about market dynamics.
Data from the official Shibburn tracker confirms that the SHIB burn rate skyrocketed by 2,713% in the last 24 hours, resulting in 4,764,442 tokens being permanently removed from circulation. This spike follows a period of sustained activity, with the seven-day burn total reaching over 50.7 million tokens.
Since its inception, the Shiba Inu ecosystem has successfully destroyed over 410.7 trillion tokens, leaving the current circulating supply at approximately 585.2 trillion coins. The burn mechanism—fueled by community initiatives and transaction fees—is designed to reduce supply and theoretically boost the token's value.
Despite this massive supply reduction event, SHIB's price saw only a modest 3.74% increase, trading at $\$0.00001004$.
The core issue is the inconsistency between the burn rate and price performance. While the economic law of supply and demand suggests that lowering supply should increase price, analysts point to other crucial factors influencing SHIB's valuation:
The long-term outlook for SHIB is tied to the development of its Layer-2 scaling solution, Shibarium. Recent developments are focused on stabilizing the ecosystem:
October 2025, Cryptoniteuae