Shiba Inu Burn Rate Soars 3,464% as Price Stabilizes

Getting your Trinity Audio player ready...

Key Takeaways:

• Shiba Inu burn rate spiked 3,464%, but price action remains modest.
  
• SHIB trading volume is down 31%, showing low trader engagement.
  
• TOKEN6900 presale gains momentum with $1.68M raised and price hike imminent.

The Shiba Inu (SHIB) burn rate has surged by an astonishing 3,464% over the past 24 hours, according to Shibburn. While this spike led to over 9.6 million tokens being destroyed, SHIB’s price only saw a modest gain, suggesting that market momentum may be building — but hasn’t fully ignited.

Massive Token Destruction, Minimal Price Impact

Despite the dramatic burn activity, SHIB’s price remains relatively stable at $0.00001239 — a 1.91% increase in the past 24 hours. Shibburn data reveals that over 410.75 trillion tokens have been incinerated to date, leaving approximately 584.61 trillion SHIB in circulation.

However, the recent spike in burn rate has yet to trigger a significant rally. SHIB trading volume is down 31.07% to $141 million, signaling low trader enthusiasm despite the supply reduction. On a weekly basis, SHIB is down 5.11%, although it has gained 5.3% over the past 30 days.

Burn Rates Continue to Surge Weekly

In the past 7 days alone, over 23 million SHIB were burned, with the previous week recording a single-day surge of 16,855.93%, leading to 602 million tokens incinerated. This consistent burning pace has drawn attention to SHIB’s deflationary mechanisms, even if price movement remains muted.

TOKEN6900 Presale Draws Investor Interest

Meanwhile, TOKEN6900 is gaining traction as a hot presale opportunity in the crypto market. Priced currently at $0.006875, the token has already raised $1.68 million out of a $5 million hard cap. The presale ends soon, with the price set to increase in 44 hours.

Also Read: Shiba Inu (SHIB) Targets 70% Rally as Burn Rate Spikes and Breakout Pattern Forms

Promoted as one of 2025’s standout ICOs, TOKEN6900 offers a discounted entry point before listing on exchanges. Investors can participate using crypto or credit cards.

While Shiba Inu’s explosive burn rate hasn’t yet triggered a significant price rally, it underscores the token’s long-term deflationary strategy. Simultaneously, emerging projects like TOKEN6900 are drawing investor interest with promising presale performance and limited-time pricing.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.