- Shiba Inu supply declines by 3,200,022 SHIB
- Shiba Inu reclaims $0.000008
Despite starting off 2026 with an incredible surge in its burn rate, Shiba Inu has continued to see its burn rate drop in the following days as on-chain activity appears to be slowing down.
According to data from Shibburn, the Shiba Inu burn rate has slumped decently by 17% in the last 24 hours as the amount of SHIB moved out of circulation appears to have declined substantially.
While Shiba Inu had kick-started the new year on a strong note, showing impressive increases in its on-chain movement, this decline in its burn metric has attracted the attention of market watchers.
Shiba Inu saw its burn rate explode by about five figures when the new year began, also seeing a sharp increase in its price and trading activity.
Shiba Inu supply declines by 3,200,022 SHIB
Despite the slump in SHIB’s deflationary activity, the amount of SHIB sent out of circulation during the period still stands at a substantial level.
Notably, the data revealed that up to 3,200,022 SHIB were sent out of circulation over the last day.
It is important to note that the regular SHIB burn activity is primarily targeted at reducing the asset’s circulating supply to boost scarcity and fuel a potential surge in its price.
Following the latest burn activity, Shiba Inu’s circulating supply now stands at 585.28 trillion SHIB as of Jan. 3.
Shiba Inu reclaims $0.000008
Shiba Inu has retained its bullish momentum since the beginning of 2026, and it is still trading on the positive side of the market.
As the dog-themed meme asset continues to see increasing demand, it has reclaimed its previous highs, surging past $0.000008 as of Jan. 3.
With a price increase of over 3% in the last 24 hours, Shiba Inu is trading at $0.000007924 as of writing time.
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
Shiba Inu (SHIB) on the Verge of Breaking 81 Trillion Threshold - U.Today
Recovery path is not simple
Inflows ruined picture
Following weeks of comparatively stable exchange balances, Shiba Inu is once again getting close to a crucial on-chain threshold. Currently trading close to $0.0000058, the meme-based asset is making an effort to stabilize following a
UToday2h ago
Shiba Inu Surges 5% as Short Squeeze Drives SHIB Momentum
SHIB rebounded 5% to $0.00000572, reversing a week of losses.
Short sellers faced $38,680 in liquidations, fueling a strong momentum shift.
Technical indicators suggest rising pressure, with resistance at $0.00000587 and support at $0.00000526.
Shiba Inu staged a sharp rebound on
CryptoNewsLand8h ago
SHIB Derivatives See 1,549% Jump in Netflows: Is Short Squeeze Brewing? - U.Today
Shiba Inu (SHIB) experienced a 1,549% increase in futures netflows as traders adjusted their positions, with inflows surpassing outflows. Despite a recent price drop, positive on-chain indicators suggest potential for a market rebound if buyers return.
UToday10h ago
Shiba Inu Edges Toward $0.055864 Barrier as 24-Hour Gains Lift SHIB to $0.055848
SHIB also rose by 4.2 per cent in 24 hours to hit its highs at $0.055848, and has continued to climb consistently.
Positive cross-market performance is reflected in SHIB gaining 3.8 percent versus BTC and 2.9 percent versus ETH.
The resistance at $0.055864 and the support at $0.055614
CryptoNewsLand22h ago
