TL;DR
- Burn rate jumped 500.68% in 24 hours as 10,491,803 SHIB were burned in one transaction, yet SHIB fell 3.03% to $0.000007278.
- Despite 410.75 trillion SHIB destroyed, supply remains 589.25 trillion, with 585.41 trillion circulating and 3.833 trillion staked.
- Selling pressure sent SHIB below its $0.000007571 high as whales pulled back, and derivatives open interest fell over 8% in 48 hours.
Shiba Inu’s latest burn readout delivered a sharp contrast: the burn rate jumped 500.68% over 24 hours, yet SHIB still declined 3.03% to $0.000007296. Shibburn data shows 10,491,803 SHIB were permanently removed from circulation, and the entire burn came from a single transaction sent to dead wallets by an unknown entity. The signal is that a burn spike can grab attention, but it does not automatically create price support. The token also slipped from a daily high of $0.000007571 as selling pressure intensified, despite the burn headline today.
SHIB’s Burn optics collide with supply reality and risk-off positioning
Token burning remains the community’s deflationary lever, designed to reduce circulating supply and create scarcity, and supporters argue it can help spark price recovery. Even with 410.75 trillion SHIB already destroyed, the remaining supply is still large enough to blunt one-off burns. The figures cited put total tokens in existence at 589.25 trillion, with 585.41 trillion in circulation and another 3.833 trillion locked in staking contracts. Critics say burns are discretionary rather than systematic, and note SHIB has added another zero while bearish conditions persist in the current cycle.
That structural debate shows up in the tape. The report flags large volumes of SHIB moving to exchanges, a pattern it links to increased liquidation activity as traders exit risk. The bigger headwind is shrinking whale participation, because large holders often supply the marginal bid that flips momentum. Whale activity is described as having decreased substantially, and those holders are framed as crucial for driving upside. Their reduced engagement has contributed to negative performance and adds headwinds to any recovery attempt. The withdrawal of that whale support creates extra headwinds for near-term stabilization efforts.
Derivatives positioning is cooling as well. Open interest in SHIB derivatives fell by more than 8% over 48 hours, and the report reads the drop as reduced trader confidence. Investors appear hesitant to take new positions amid uncertain conditions. The operating backdrop is de-risking across the complex, and that usually keeps relief rallies short and choppy. From here, market participants will monitor whether exchange inflows slow, whether whale activity returns, and whether burn activity becomes repeatable beyond a single, attention-grabbing transfer.
