In an interesting market divergence, Shiba Inu (SHIB) has experienced a significant decline in its burn rate despite the broader cryptocurrency market trending upward. According to data from Shibburn, the popular meme cryptocurrency’s burn rate has dropped by nearly 9% over the past 24 hours .
SHIB Burning Activity Slows Down
Despite the overall decrease in burning activity, the SHIB community still managed to remove 4,591,026 SHIB tokens from circulation through 10 separate burn transactions . The majority of this volume came from a single transaction that transferred 4,143,153 SHIB to an unspendable blockchain wallet approximately nine hours ago .
This recent decline stands in stark contrast to the impressive burning statistics seen earlier this month. Just days ago, SHIB’s burn rate had skyrocketed by 6,519%, with over 28 million tokens being permanently removed from circulation within a 24-hour period . The community’s burning efforts have been substantial throughout 2025, with the total burned supply now exceeding 410 trillion tokens from the initial supply .
Market Recovery Led by Bitcoin
While SHIB’s burn rate has slowed, the broader cryptocurrency market appears to be rebounding. Bitcoin, the world’s largest cryptocurrency by market capitalization, has recovered by 4.56% over the past two days after experiencing a nearly 5% drop on Thursday . In the past 24 hours alone, Bitcoin has gained 1.8% and is currently trading above the $105,000 level .
This positive momentum has extended to other major cryptocurrencies as well, suggesting a potential market-wide recovery after recent volatility .
SHIB’s Ongoing Deflationary Strategy
The burning mechanism remains a crucial component of Shiba Inu’s long-term strategy to create scarcity and potentially increase value. The community has been actively participating in burn initiatives throughout 2025, with notable spikes in activity recorded in previous months .
Community projects like ShibTorch V2 and key figures such as Shibtoshi have contributed significantly to these efforts, with the latter personally burning 1 billion SHIB tokens earlier this year . According to available data, the current circulating supply stands at approximately 584.4 trillion tokens, while the total supply is 589.25 trillion .
Despite the temporary slowdown in burning activity, the SHIB community’s commitment to reducing the token’s supply remains evident, with over 410.7 trillion SHIB tokens having been burned to date .
