- SHIB burn rate soars 38,043%
- What’s next for SHIB?
Shiba Inu is beginning to see strength return to its ecosystem, and its key metrics appear to be moving to the levels they began the new year with.
This positive momentum has been mostly noticed in its burn metric, as SHIB burns have moved seven figures in the last 24 hours, signalling strong network growth.
SHIB burn rate soars 38,043%
On Saturday, Jan. 10, data from on-chain monitoring platform Shibburn shows that 7,247,330 SHIB have been sent out of circulation in the last 24 hours.
As a result of this large burn activity, the asset’s daily burn rate has soared massively by 38,043%. This notable surge in the asset’s burn activity has come after multiple days of consistent lows, when the SHIB burn rate remained steadily in the red zone.
![Article image]()
Source: ShibburnNotably, such an increase was only seen at the beginning of the year.
With over 7 million SHIB erased from circulation in the last 24 hours, the Shiba Inu total supply is now sitting at 589,245,806,058,242 SHIB out of an initial supply of 1 quadrillion tokens.
This massive burn activity aims to drastically reduce the amount of SHIB available for traders to own, serving as a way to fuel scarcity amid growing demand. This move often propels the price of the asset for a positive outlook in the long run.
What’s next for SHIB?
Following the rapid surge in the Shiba Inu burn metric, the asset appears to be showing signs of potential resurgence as its price has switched from the red territory to the green side of the market.
While momentum appears to be building, Shiba Inu has surged decently by 0.25% over the last 24 hours, with its price sitting at $0.000008642 as of writing time.
Although the asset’s next price action remains uncertain, the significant surge in its burn rate coinciding with a mild resurgence in its price move could be a sign of a major breakout ahead.
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
Shytoshi Kusama Returns to X After 13-Day Silence, Announces Saturday Community Discussion as SHIB Slides 1.8%
Gate News message, April 23 — Shytoshi Kusama, lead ambassador of the Shiba Inu ecosystem, returned to X today after a 13-day silence that began on April 9. He confirmed a scheduled community discussion for Saturday, signaling new developments ahead. His updated bio now reads: "Next up: Let's set a
GateNews2h ago
Shiba Inu Breakout Gains Strength as Volume Surges
Key Insights
Shiba Inu’s breakout above the triangle pattern gains strength as rising volume and higher lows confirm growing demand and a sustained bullish market structure shift.
Derivatives activity jumps significantly with volume surpassing $249 million while open interest rises,
CryptoNewsLand2h ago
SHIB Faces Rising Sell Pressure After 400B Token Inflows
Shiba Inu faces selling pressure as exchange reserves climb to ~81.5T SHIB and net inflows exceed 400B SHIB, with price trapped under resistance amid low volatility and muted market participation.
Abstract: This analysis notes SHIB's current market dynamics, highlighting exchange reserves near 81.5 trillion SHIB and net inflows over 400 billion SHIB, signaling rising distribution as holders prepare to sell. Prices remain below key resistance with low volatility and subdued volume, pointing to weak short-term momentum. The combination of larger inflows and outflows indicates strategic repositioning rather than accumulation, while broader market constraints limit upside. Overall, the outlook remains cautious with downside risk in the near term.
CryptoNewsLand3h ago
SHIB Market Shift Intensifies as 82.5B Tokens Leave Exchanges
SHIB sees 82.5 billion tokens leaving exchanges, signaling reduced immediate selling pressure.
Exchange flows remain mixed, showing cautious sentiment between buyers and sellers.
Price stays stable, suggesting market indecision and possible early accumulation phase.
Shiba Inu has
CryptoNewsLand13h ago
SHIB Market Shift Intensifies as 82.5B Tokens Leave Exchanges
SHIB sees 82.5 billion tokens leaving exchanges, signaling reduced immediate selling pressure.
Exchange flows remain mixed, showing cautious sentiment between buyers and sellers.
Price stays stable, suggesting market indecision and possible early accumulation phase.
Shiba Inu has
CryptoNewsLand13h ago
Shiba Inu Open Interest Surges 13.45% in 24 Hours as Futures Activity Accelerates
SHIB open interest rose 13.45% to $69.79M with price up ~3% to $0.000006231. Futures inflows higher; volumes surged. Technicals show 50-day MA support, RSI 55, MACD bullish; potential move beyond 0.000010.
Abstract: This report reviews SHIB market activity on Gate News as of April 22. SHIB open interest rose 13.45% to $69.79 million, with the price up about 3% to $0.000006231. Futures inflows exceeded outflows and total volumes rose, while spot and futures taker data showed mixed biases. Technically SHIB found support near the 50-day MA, RSI sits at 55, and the MACD turned positive, signaling a potential breakout and a possible rally beyond the $0.000010 level after a confirmed channel breakout.
GateNews04-22 18:52
