- Shiba Inu supply declines by 3,200,022 SHIB
- Shiba Inu reclaims $0.000008
Despite starting off 2026 with an incredible surge in its burn rate, Shiba Inu has continued to see its burn rate drop in the following days as on-chain activity appears to be slowing down.
According to data from Shibburn, the Shiba Inu burn rate has slumped decently by 17% in the last 24 hours as the amount of SHIB moved out of circulation appears to have declined substantially.
While Shiba Inu had kick-started the new year on a strong note, showing impressive increases in its on-chain movement, this decline in its burn metric has attracted the attention of market watchers.
Shiba Inu saw its burn rate explode by about five figures when the new year began, also seeing a sharp increase in its price and trading activity.
Shiba Inu supply declines by 3,200,022 SHIB
Despite the slump in SHIB’s deflationary activity, the amount of SHIB sent out of circulation during the period still stands at a substantial level.
Notably, the data revealed that up to 3,200,022 SHIB were sent out of circulation over the last day.
It is important to note that the regular SHIB burn activity is primarily targeted at reducing the asset’s circulating supply to boost scarcity and fuel a potential surge in its price.
Following the latest burn activity, Shiba Inu’s circulating supply now stands at 585.28 trillion SHIB as of Jan. 3.
Shiba Inu reclaims $0.000008
Shiba Inu has retained its bullish momentum since the beginning of 2026, and it is still trading on the positive side of the market.
As the dog-themed meme asset continues to see increasing demand, it has reclaimed its previous highs, surging past $0.000008 as of Jan. 3.
With a price increase of over 3% in the last 24 hours, Shiba Inu is trading at $0.000007924 as of writing time.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu Double Death Cross Completed Amid 5% Jump: Could This Be Bear Trap? - U.Today
Shiba Inu completed death cross signals on its short-term charts; notably, these were on the one-hour, two-hour and three-hour charts. The 50 MA across these price charts crossed below the 200 MA, indicating a death cross.
However, a surprising setup occurred on the market as prices rose across the
UToday6h ago
SHIB Climbs 1.45% as Golden Cross Signals Potential Breakout
Price rises 1.45% as golden cross signals possible bullish momentum.
Spot inflows surge, indicating some holders may lock in profits.
Open interest rises cautiously, showing traders hesitant to commit strongly.
Shiba Inu has attracted attention after climbing 1.45% over the past 24
CryptoNewsLand12h ago
SHIB Holds Weak Range as Burn Rate Drops and Pressure Builds
Key Insights
SHIB remains within a long-standing descending channel, with price stuck in the lower range and unable to break persistent resistance levels.
The burn rate dropped sharply, removing a short-term support factor and reducing retail-driven momentum seen earlier during increased
CryptoNewsLand23h ago
Shiba Inu: Shibarium Transactions See 1,889% Drop Amid Reset - U.Today
Shibarium, the Shiba Inu Layer-2 blockchain, recently underwent a major infrastructure update, with 86% of its blocks indexed. Daily transactions fell significantly to 557 post-upgrade. Despite operational functionality, explorer data is still syncing, which may explain the low transaction numbers. SHIB's price fell 0.94%, reflecting overall market bearish sentiment and subdued trading activity.
UToday04-05 12:37
