In a critical turn for digital asset markets, Shiba Inu has witnessed an extraordinary 99% collapse in its burn rate, coinciding with the broadest liquidation event ever recorded in crypto trading. Over the past 24 hours, the broader crypto market shed a staggering $19.38 billion in value, with nearly 1.7 million traders’ positions forcibly liquidated—a scale unparalleled even during previous market crises.
Market intelligence platforms estimate that the actual scale of liquidations could be even higher due to exchange reporting limitations. The rout was punctuated by a record single liquidation—including a $203.36 million ETH-USDT trade—demonstrating the volatility that still pervades digital markets.
For Shiba Inu, the impact has been acute. Token burn metrics show only 69,420 SHIB burned in the last day—a dramatic reduction of 99.29%. Weekly figures echo the trend with a 28.7% drop, tallying just under 50 million SHIB permanently removed from circulation over seven days. The diminished burn rate is both a reflection of the risk-off environment and a stress test for community-driven supply reduction models.
Shiba Inu’s value has responded accordingly, trading at $0.00001025 at time of writing—down more than 14% over 24 hours and 18% for the week. Momentum took the token as low as $0.0000085, revisiting levels unseen since early 2024. Despite the negative sentiment, Shiba Inu’s on-chain activity surged, with trading volumes spiking 367% to $785.54 million for the day as participants adjusted or exited leveraged positions.
Industry voices are framing the current turbulence as a pivotal crossroads for altcoins, amid macroeconomic uncertainty and evaporating margin liquidity. As market participants await stabilization, the recent systemic unwinding underscores both the inherent fragility and the emerging maturity of digital asset trading infrastructures.
Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Investors should always conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions in cryptocurrencies, which are highly volatile and speculative assets.
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