Shiba Inu ($SHIB ) has seen a staggering increase in its burn rate over the past 24 hours, capturing the attention of investors and meme coin enthusiasts. However, despite the dramatic percentage surge, the actual number of tokens burned remains relatively modest.
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SHIB Burn Rate Spikes 2,060,231% – But Total Burned is Modest
According to data from the Shibburn tracker, SHIB’s burn rate soared by an extraordinary 2,060,231.23% within the last 24 hours. In real terms, however, only 13,392,153 SHIB tokens were sent to dead wallets—an increase that, while notable in growth percentage, reflects a relatively small amount considering SHIB’s massive circulating supply.
Largest Burn Transaction: 9,999,999 SHIB
Second-Largest: 1,216,499 SHIB
Additional Burns: Two more transactions under 1 million SHIB each
On a weekly basis, the SHIB community has burned a total of 191,449,298 SHIB, reflecting a sharp 82.04% decline compared to the previous week’s activity.
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Market Response: SHIB Rebounds 9% Following Sharp Decline
Despite bearish market conditions over the weekend, SHIB managed a 9% price rebound today. This comes after nearly halving in value during a broader crypto market correction on Sunday.
Hourly Update (as of April 7, 2025):
SHIB Price: $0.00001105
(1-hour: +1.69% | 24-hour: -7.83%)
Market Cap: $6.54 billion (-7.45%)
Total Supply: 589.25 trillion SHIB
Tokens Burned (24h): 13.39 million
Tokens Burned (7d): 191.45 million
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SHIB Team Responds to Market Volatility
Lucie, the official marketing lead for Shiba Inu, commented on the recent market turbulence via social media. In her statement, she attributed the ongoing volatility to broader geopolitical and macroeconomic pressures, hinting at behind-the-scenes manipulation affecting sentiment across the crypto space.
> “The market? Manipulated. Heavy politics. People are mentally breaking down,” Lucie wrote.
“Weak projects are looking for someone to blame. The truth? All this he said, she said is peak stupidity and a complete waste of time. Builders build. And the rest? Just noise.”
Her remarks underscore the SHIB team’s focus on development and resilience amid uncertainty, reinforcing the project’s long-term commitment despite near-term price swings.
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Conclusion
While the SHIB burn rate's exponential rise is eye-catching, the underlying numbers highlight a need for sustained and sizable burn activity to make a meaningful impact on tokenomics. Nonetheless, SHIB’s strong community, continued transparency, and active development efforts remain central to its outlook as the broader market navigates complex global dynamics.
Key Takeaways:
Massive percentage increase in burn rate, but low volume burned
Price rebound after weekend selloff
SHIB leadership reaffirms focus on building amid market volatility
Stay tuned for further developments as SHIB continues to evolve in a rapidly changing crypto landscape.
