Shiba Inu Burns 715K Tokens, Stirring Speculation and FOMO

TL;DR

• Shiba Inu burned 715,893 tokens over the last 24 hours, driving a sharp increase in the burn rate from a very low prior base.
• The absolute number of tokens removed remains small compared with historical burn periods and the total circulating supply.
• SHIB trades lower with the broader crypto market, while steady volume and ecosystem activity continue to support long-term interest.
  

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Shiba Inu recorded a new token burn over the past 24 hours, removing 715,893 SHIB from circulation and reviving market discussion around supply dynamics and short-term sentiment. While the burn rate spike attracted attention, traders continue to weigh broader market signals and on-chain activity.

At the time of writing, Shiba Inu trades at $0.057575, posting a 3.64% decline over the last 24 hours. The token holds a market capitalization of $4.46 billion, with 24-hour trading volume near $108 million, indicating consistent liquidity despite ongoing market pressure.

Shiba Inu Burn Data And Supply Dynamics

According to Shibburn data, the latest burn marks a significant increase compared with the previous day, when fewer than 20,000 tokens were destroyed. The percentage jump appears large mainly because of the unusually low prior figure rather than a major shift in supply reduction.

HOURLY SHIB UPDATE$SHIB Price: $0.00000781 (1hr -0.10% ▼ | 24hr 0.35% ▲ )
Market Cap: $4,600,890,031 (0.35% ▲)
Total Supply: 589,246,091,967,744

TOKENS BURNT
Past 24Hrs: 715,893 (3620.28% ▲)
Past 7 Days: 2,219,196 (-97.06% ▼)

— Shibburn (@shibburn) December 17, 2025

Shiba Inu’s circulating supply remains above 589 trillion tokens, which limits the immediate deflationary impact of the recent burn. Still, recurring burn events reinforce the project’s long-standing approach of gradually reducing supply through ecosystem-linked activity rather than one-off actions.

Token burns are executed through a combination of direct transfers to inaccessible wallets and automated mechanisms connected to Shiba Inu products. This structure aims to align network usage with incremental supply contraction, a strategy increasingly common among established crypto projects.

Market Response And Network Activity

SHIB’s price weakness reflects a broader pullback across digital assets as investors reassess risk following recent macroeconomic updates. Selling pressure has remained present since early December, keeping the token below key technical resistance levels.

Despite the downturn, ecosystem development continues. Shibarium, the project’s layer-two network, processes transactions that can translate into future burns through fee-based mechanisms. Ongoing integrations across payments, gaming, and digital collectibles also contribute to transactional demand beyond short-term trading.

From a market perspective, stable volume remains a relevant signal. With $107 million exchanged in the past 24 hours, SHIB retains visibility among large-cap tokens, even as prices consolidate.

Short-Term Outlook For Shiba Inu

The latest burn highlights Shiba Inu’s continued focus on supply discipline, though its immediate market effect remains limited. Near-term price action depends largely on overall crypto sentiment and sustained network usage.