Shiba Inu investors saw 3 million tokens sent to a dead wallet over the past day, yet the overall burn rate continues to lose momentum. Despite this significant burn, the pace at which SHIB tokens are permanently removed from circulation has slowed notably.
The daily burn rate fell by nearly 16%, with weekly and monthly burn rates also dropping by over 28% and 37% respectively. In the last seven days, about 59.77 million SHIB tokens, valued roughly at $251, were burned, totaling nearly 287 million tokens eliminated over the past month.
Moderate Token Burn Amid Market Quietude
Shiba Inu’s total supply reduced by just over 41% through token burns since the start of the process, yet this steady activity hasn’t altered the overall supply significantly. The market for SHIB remains calm, showing little price action to inspire aggressive burns. The token price dipped 1.63% on the day to $0.000004164 but edged up slightly by 0.82% over the week.
This stagnation in burn activity coincides with broader crypto market moves, where a mild pullback followed a Bitcoin consolidation near $65,000. Economic data such as lower-than-expected U.S. jobless claims failed to spark significant market enthusiasm. In fact, liquidity indicators show stablecoin purchasing power plateauing without the sudden influx needed to trigger a strong rally.
the token burn progress remains a gradual process with no immediate sign of acceleration, keeping SHIB investors waiting for a catalyst to boost market activity and token scarcity.
