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Shiba Inu’s network returned to activity as burn numbers and trading activity rose sharply over the past day. The $SHIB token rose 3.32% to $0.00001055, pushing its market value to $6.21 billion. As reported by Shibburn, 29.44 million SHIB tokens were burned in the last 24 hours, marking an increase of 28,554% from the previous burn.
The total number of burns for the given week is 54.9 million, down 76% from the last seven-day total, indicating inconsistent burn activity. One single transaction removed 69,420 tokens from circulation and reduced the ongoing, project-wide deflationary operation that reduces supply to stabilize value.
The Shiba Inu community continues to be a vital contributor to the continued reduction of supply. While burns can be automated or initiated manually, all token burns involve sending coins to unusable wallets, effectively removing those tokens from circulation and making them unusable. The process is designed to fight inflation and build long-term value if demand remains consistent.
In past sessions, similar waves of activity have appeared. Over 24 hours, 9.7 million SHIB were burned, further reducing the circulating supply. Another episode reported a remarkable 27,014% increase in burn rate, erasing 43.48 million tokens. Significant increases in burn rate are sometimes coincidental with whale movement or milestones on Shibarium that stimulate participation.
Increased burn rates are also indicative of growing participation by holders in this deflationary model to support token scarcity. These collective efforts sometimes lead to a slight uptick in value, with traders seeing gains of about 4–5% to test these short-term resistance levels.
Market data indicates renewed investor participation in Shiba Inu, which was trading at nearly $0.00001045, with a 1.57% increase for the day. Market capitalization reached $6.16 billion, with 24-hour volume of $177.09 million - almost 90% more than the previous day. The holder count held constant at 2.87 million, demonstrating the persistence of interest.
Charts show SHIB starting the day at $0.0000103, then climbing past $0.0000107 before settling slightly lower. Even after minor corrections, sentiment stayed upbeat. Higher liquidity and steady order books point to broader buying activity across exchanges.
Simultaneously, exchange inflows fell sharply. Reports suggested a 62% drop in SHIB flowing into exchanges in a single day, indicating a net outflow of approximately 1.008 billion tokens. The decrease in tokens moved to exchanges suggests that holders have opted to hoard their tokens rather than sell them. Along with higher burn rates, this illustrates a heightened level of conviction toward long-term holders.
The last week for Shiba Inu poses an important question: can the downward flow into exchanges and the spike in burn rates again empower the next breakout? The network’s behaviours lend themselves to a gradual accumulation period as the supply tightens.
Observers are still watching whether the burning continues to reign and whether prices remain stable. Consistent buying amid a slow trend increase can create a buoy in prices over time. With an impassioned community, dwindling active supply, and increased network activity, Shiba Inu could be laying the foundation for the next phase of development.
Shiba Inu's reported 28,554% increase in burn rate, on a backdrop of a fall in exchange volume, with generally higher trading volume, suggests to many that their growing trust level with holders. With community advancement, declining supply, and the belief that the validity remains intact, the market seems well supported for price momentum to continue.
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