Data shared by the prominent tracking service Shibburn has revealed that over the past 24 hours, the regular daily burn rate of the Shiba Inu meme coin has plunged to zero.
Still, there is a silver lining here too — despite the low reading of this metric, the SHIB community has continued to burn meme coins by removing them from the circulating supply.
Meanwhile, the crypto market remains in the red, with the SHIB meme coin trading at $0.00001175 after the brutal 12% crash faced over the past week.
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SHIB burns continue despite zero rate
The aforementioned data source reported that the SHIB community has managed to dispose of less than a million meme coins so far today — 671,832 SHIB. Tons of small transfers, some carrying a few thousand SHIB to dead-end wallets, some burning just less than a thousand SHIB.
Still, the total amount of Shiba Inu transferred out of circulation keeps growing today, even though these transactions are destroying tiny amounts of SHIB. This is a small silver lining despite the zero burn rate reported by Shibburn today.
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SHIB team issues anti-scam warning to community
The official marketing lead of the SHIB team, who prefers to call herself Lucie on social media, has addressed the SHIB community with an important statement in which she touched on the current conditions dominating the crypto market and also warned Shiba Inu holders about the danger of scams and frauds in the crypto space.
Lucie has referred to the current market conditions as “brutal,” stating that only “malicious actors and clout chasers” are enjoying the current state of things since it helps them to “monetize their platforms.”
In these brutal market conditions, the only ones enjoying it are the malicious actors and clout chasers — milking lies just to monetize their platforms.Of course we’ll see a new token launched every other day. New devs, same old shill gangs. Do what you want — it’s your money,…
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 20, 2025
The SHIB executive also shared an observation that new tokens are launched very frequently at the moment, “every other day,” but she believes that they are released by the same fraudsters who just change the names of developers on their teams: “New devs, same old shill gangs.”
Lucie warned the community that it is vitally important to “always double-check websites” to avoid risks and avoid losing one’s crypto and fiat savings to crypto con artists. She also accused the X social media giant of becoming a popular platform for scammers: “X has turned into a paradise for chaos, bots and scams.”
