Massive Shiba Inu burn rate surge as SHIB community battles for price rebound
In the last 24 hours, a dramatic Shiba INU burn has energized the meme coin’s community as it seeks to counter persistent bearish pressure.
Shiba INU burn rate spikes over 3.9 million percent
The Shiba Inu (SHIB) ecosystem has executed a major token destruction wave in the past day. According to data from Shibburn, the shiba inu burn rate exploded by 3,915,071% as a total of 21.61 million SHIB was moved to dead wallets in the last 24 hours.
Moreover, Shiba burn’s figures show that exactly 21,611,748 SHIB were removed from circulation. This equals around 0.0037% of supply. Although this reduction looks modest compared to the vast circulating supply of 589,246,070,355,443 SHIB, it signals renewed community commitment to SHIB’s deflationary policy.
The Shiba Inu community regularly conducts burn events as a deflationary mechanism to constrain the Shiba Inu circulating supply. The core idea is simple: sustained token destruction could create scarcity and, over time, support a potential price recovery, especially during extended bear phases.
Price action and trading activity around the latest burns
An official shib burn update highlighted the move under the banner “HOURLY SHIB UPDATE”. It showed SHIB priced at $0.00000739, with a 1-hour gain of 0.36% and a 24-hour decline of -1.44%. These short-term numbers underline how volatile the meme coin remains.
As of press time, Shiba Inu was changing hands at $0.000007376, down 1.63% over the past 24 hours. However, the token had earlier dropped to a low of $0.000007009 before rebounding to its current level, suggesting buyers are tentatively stepping back in despite weak overall sentiment.
Furthermore, trading activity around SHIB has picked up markedly. Current 24-hour trading volume has surged by 52.2% to reach $195.86 million. This jump in volumes indicates that traders are actively engaging with the meme coin again. If this participation persists, many market watchers see Shib price rebound potential from these depressed levels.
Inconsistent burn momentum remains a key challenge
That said, the shiba inu burn trend has not been consistent in recent weeks. Over the past seven days, Shibburn shows the aggregate burn rate actually dropped by 62.99%, with only 23,574,657 SHIB incinerated. This makes the latest 24-hour destruction the largest single-day event of the week.
For Shiba Inu’s deflation strategy to meaningfully influence price, analysts argue that the community must maintain steady, predictable burn activity. Moreover, they contend that sporadic burn spikes, while eye-catching, are less effective than a disciplined schedule in convincing long-term investors and large holders to reposition into SHIB.
Market observers note that if shiba burn community efforts keep reducing supply at a strong pace, it could accelerate a potential climb back toward $0.000010. However, this scenario requires coordinated, deliberate, and persistent action rather than short-lived campaigns that quickly fade.
Technical backdrop and whale behavior
From a technical standpoint, the dog-themed meme coin has sliced through several key support zones in recent sessions. Most weak hands appear to have exited, leaving a base of more resilient, long-term investors. This reset could support any future rally, as upside moves would likely be driven by larger players rather than speculative short-term flows.
Recent shib whale activity has also caught the market’s eye. A notable on-chain transaction involved a major holder who had been dormant for about a year. The wallet suddenly came back to life with a transfer worth $415,000, timed as prices hovered near local lows, drawing attention across the SHIB community.
Moreover, the whale’s return suggests some large investors may be positioning for a longer-term recovery rather than chasing quick gains. If more whales follow this pattern as community burns continue, the combined effect of reduced supply and concentrated accumulation could gradually reset market sentiment.
Outlook for Shiba Inu amid renewed burn efforts
Looking ahead, the crucial question is whether the community can transform this latest spike in burns into a sustained trend. Strategy around token destruction, transparent reporting via trackers like Shibburn, and ongoing engagement from long-term holders will all shape the next phase of SHIB’s story.
In summary, Shiba Inu’s latest burn surge, higher trading volumes, and visible whale transactions point to renewed on-chain activity. However, without consistent supply reduction and disciplined investor behavior, these isolated signals may struggle to translate into a durable price rebound for SHIB.
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