TL;DR
- SHIB’s burn rate rose 12.11% as 3,011,445 SHIB were removed, while price near $0.000006636 was down 3.22%.
- Burn rate had been deep red and at times near zero; it regulates supply, but needs demand to lift price.
- Volume fell 28.97% to $165.03 million as meme coin market cap slid over 30%; 140 billion SHIB left exchanges and preceded a 17% rebound, yet other metrics must turn green.
Shiba Inu (SHIB) printed a rare green signal on a key ecosystem KPI, with its burn rate rising 12.11% over the last 24 hours as 3,011,445 SHIB were permanently removed. The burn uptick looks constructive, but the price tape still signals caution. SHIB swung sharply, dropping from an intraday peak of $0.000006888 to a low of $0.000006436 before changing hands near $0.000006636, a 3.22% daily decline even while the weekly move stayed up 9%. That divergence highlights a gap between supply-side mechanics and the market’s willingness to reprice risk.
Burn metrics improve, yet price action and volume lag
Shibburn data framed the burn rebound as notable because the metric had recently sat deep in the red, repeatedly crashing to zero or near zero as sentiment stayed bearish. A green burn rate is a supply-side lever, yet it needs follow-through to move valuation. Burning is described as the ecosystem’s way to regulate circulating supply, permanently wiping tokens to create scarcity that often supports higher prices. With activity flipping positive again, community members are watching for a price response rather than celebrating the metric in isolation.
The same update underscored why SHIB’s price still struggles to convert burns into momentum. Price volatility is moderating at the margin, but participation is thinning, and that is a headwind. Burn activity helped SHIB climb from its intraday low, yet trading volume remained down 28.97% at $165.03 million. Even as the intense sell-off was described as gradually easing, the meme coin sector faced broader weakness. Its market capitalization recently plunged by more than 30% as investors rotated toward assets perceived as safer within the crypto sector.
There’s another data point that briefly steadied sentiment: 140 billion SHIB exiting exchanges before the broader capital rotation. Exchange outflows can reduce immediate sell pressure, but they do not guarantee sustained demand. The move suggested holders were shifting into long-term storage, helping SHIB post a 17% recovery from recent lows after losing more than 30% over the past month. To stay out of a bearish zone, it said price and trading volume must also turn green, because burn rate alone may not hold gains for long.
