Shiba Inu’s Dramatic Burn Rate Plunge
The daily burn rate of Shiba Inu (SHIB) tokens has plummeted by 99.59%, with fewer than 3 million tokens destroyed in the past 24 hours. This stark decline follows a recent surge where over half a billion SHIB were removed from circulation. The drop is attributed to just six minor transactions to SHIB’s burn wallets—one as small as 1,000 SHIB, signaling dwindling community engagement in deflationary efforts.
Key Factors Influencing the Decline
- Transaction Volume: Only six small burns occurred, drastically reducing the daily tally.
- Alpha Layer Anticipation: Hopes remain high for Shiba Inu’s upcoming Alpha Layer, designed to automate burns per transaction, potentially revitalizing efforts.
- Market Sentiment: The SHIB Army’s focus may have shifted temporarily, awaiting broader ecosystem developments.
HOURLY SHIB UPDATE
- Price: $0.00001216 (1hr ▲ 0.06% | 24hr ▲ 1.28%)
- Market Cap: $7.15B (▲1.18%)
- Total Supply: 589.25T
- Tokens Burnt (24hrs): 2.14M (▼99.59%)
Source: Shibburn, June 16, 2025
Supply Dynamics and Historical Context
- Circulating Supply: 584.52T SHIB (from an initial 999.98T).
- Burned to Date: 410.75T, including Vitalik Buterin’s historic burn.
- Staked Tokens: 5T locked in long-term vaults.
👉 How Shibarium’s Burn Mechanism Could Reshape SHIB’s Future
Price Outlook: Bullish Signals Emerge
Despite the burn slump, SHIB shows two bullish indicators:
- Parabolic SAR: Suggests undervaluation at current prices ($0.00001222).
- McGinley Dynamic: Upward-trending slope hints at potential bullish momentum.
Broader Market Influence:
- Chaikin Money Flow (CMF): 0.28+ reflects strong whale interest.
- RSI & Moving Averages: Less definitive but supportive of gradual recovery.
Risks to Consider
- Burn Volatility: Temporary dips don’t negate long-term deflationary progress.
- Market Dependency: SHIB’s price relies on broader crypto trends, not just burns.
Why SHIB Burns Matter
- Scarcity: Reducing supply could heighten token value over time.
- Community Metric: Burn rates reflect the SHIB Army’s commitment to ecosystem health.
FAQ: Addressing Key Concerns
Q: Why did SHIB’s burn rate drop so sharply?
A: A lull in community-driven burns after a recent 515M surge caused the decline—common in cyclical burn patterns.
Q: Will this affect SHIB’s price short-term?
A: Unlikely. Prices are more tied to market trends, though sustained low burns could delay scarcity-driven gains.
Q: How does Shibarium’s Alpha Layer help?
A: By automating burns per transaction, it ensures consistent supply reduction, minimizing reliance on manual efforts.
👉 Explore SHIB’s Deflationary Roadmap Here
Q: Should investors worry about the current burn rate?
A: No. Focus on Shibarium’s adoption (1B+ transactions) and ecosystem growth for long-term potential.
Disclaimer: This content is informational only. Always conduct independent research before investing.
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