Shiba Inu (SHIB) Records 23,864% Burn Rate Spike: What Does It Mean for Price?
Jakarta, Pintu News – Shiba Inu experienced a significant spike in token burn activity. In the last 48 hours, SHIB’s burn rate shot up to 23,864%, with over 16.6 million SHIB sent to dead wallets and permanently removed from circulation.
According to data from Shibburn, the total supply of SHIB that has been burned now stands at 410.75 trillion SHIB, with the total circulating supply currently standing at around 585.26 trillion SHIB. While the latest burn figure appears large in percentage terms, it is still relatively small in nominal terms when compared to the total supply.
What is the Impact on Price?
SHIB price saw a small increase of 0.3% in the last 24 hours, rising from $0.000008243 to $0.000008728. Trading volume also saw an increase of 20% to $163.62 million, indicating increased market interest, although the immediate effects of the burn are yet to be seen.
Also Read: 4 Bitcoin Indicators that Triggered the Market Rally Reappear!
Another Upside Trigger: Futures & New Initiatives
One factor that helped boost interest in SHIBs was Gemini ‘s launch of SHIB perpetual futures products for the European market, which sparked speculation among traders.
In addition, the SHIB development team has just launched a special crypto card in collaboration with Bitget Wallet. This card allows users to spend SHIB while earning rewards, aimed at increasing the utility and adoption of the token.
Conclusion
Although SHIB’s burn rate jumped dramatically, its impact on prices is still limited as the outstanding supply remains huge. However, the combination of increased utilities, new product launches, and rising trading volumes could be a medium-term catalyst to support SHIB prices in the future. The short-term target is still aiming for the psychological level of $0.00001, provided that selling pressure subsides and investor interest continues to grow.
Also Read: 5 Shocking Facts: This US Congressman Secretly Bought IDR 41 Billion in Bitcoin!
Follow us on Google News to get the latest information about crypto and blockchain technology. Check Bitcoin price today, Solana price today, Pepe coin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
FAQ – Shiba Inu (SHIB) Burn Rate Surges 23,864%
Q1: What is burn rate in the context of Shiba Inu (SHIB)?
A1: Burn rate is the token burn rate-the process by which SHIB tokens sent to wallets die and can no longer be used, thus reducing the total supply in circulation. This aims to create a deflationary effect and potentially increase the value of the token.
Q2: How many SHIBs were burned in this latest surge?
A2: In the last 48 hours, more than 16.6 million SHIBs have been burned, causing the burn rate to jump 23,864% compared to the previous period.
Q3: Does this spike in burn rate have a direct impact on SHIB prices?
A3: The impact is still limited. Although the burn rate has increased significantly in percentage terms, the number of tokens burned is still small compared to the total supply of hundreds of trillions of SHIBs.
Q4: What other factors are driving SHIB’s recent price increase?
A4: In addition to the token burn, Gemini ‘s launch of the SHIB perpetual futures product and the release of the SHIB crypto card with Bitget Wallet helped drive investor interest and trading volume in SHIB.
Q5: Can SHIB prices go higher in the near future?
A5: The potential is there, especially if investor interest continues to increase, market volatility stabilizes, and selling pressure subsides. The short-term target that the market is watching is $0.00001.
Q6: Will token burning continue?
A6: The token burn activity will continue as long as the SHIB community and developers support the initiative. However, its scale depends on ecosystem adoption and user participation.
Reference:
U.Today – Shiba Inu Faces Dramatic Shift as Burn Rate Jumps 23,864%. Accessed on November 21, 2025.
