Jakarta, Pintu News – In the dynamic world of cryptocurrencies, the Shiba Inu cryptocurrency (SHIB) has experienced a surprising stagnation. According to the latest data from Shibburn, there has been no increase in the number of SHIB tokens burned at just 69,613 tokens.
This has led to questions among the crypto community as to what exactly is going on with Shiba Inu. This stagnation occurred despite a token burn transaction of 69,420 SHIB.
In the daily analysis, the number of SHIB tokens burned showed no change, remaining at 69,613 tokens. This is exactly the same number of tokens burned on the previous day. On September 6, the number of tokens burned was only slightly higher, at 69,808 tokens. This indicates that there was no significant growth or decline in daily burn activity.
In the weekly review, the situation is slightly different. There was an 81.32% spike in the number of SHIB tokens burned over the last seven days, totaling 20,241,091 tokens. This increase shows that while daily activity appears stagnant, there are periods where burning activity increases significantly.
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Of the initial total supply of 1 quadrillion SHIB tokens, over 41% have been burned. This leaves Shiba Inu’s total supply now at 589,247,711,692,117 SHIB. Token burn is a mechanism used to reduce the number of tokens in circulation, which in theory can increase the value of the remaining tokens.
Meanwhile, the current price of SHIB has increased by 1.12% in the last 24 hours, reaching $0.0000124. Despite price consolidation near $0.000012, SHIB’s trading volume fell by 21.92%, with 9.17 trillion SHIB or $113.74 million traded. This drop in volume may indicate that traders are waiting for further developments before making a decision.
Stagnation in SHIB’s daily burn and fluctuations in weekly activity paint a mixed picture for investors. Despite an increase in weekly burn, daily instability may raise concerns. Investors may need to consider long-term strategies and observe further market trends before making investment decisions.
It is important for investors to understand that the dynamics of the crypto market are heavily influenced by various factors, including market sentiment, global news, and changes in economic policy. Therefore, regular monitoring is key to making informed decisions.

Despite stagnating in the daily burn, Shiba Inu is still showing signs of significant activity on a weekly scale. Investors and market watchers should continue to monitor these indicators to understand the future direction of SHIB. With over 41% of the tokens already burned, the potential for value changes is still wide open.
Also Read: 4 Reasons El Salvador Moved IDR11 Trillion in Bitcoin: Protection or Sell Signal?
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