An increase in Shiba Inu’s token burn activity has drawn attention from market participants, but the price reaction has so far failed to match the scale of this development. Despite a dramatic jump in the burn rate over the past 24 hours, SHIB has shown little upward movement, showing that there’s an ongoing disconnect between network activity and short-term price performance. Recent data indicate that efforts to reduce Shiba Inu’s circulating supply intensified significantly within a single day. After a period of inactivity, the ecosystem recorded a high percentage increase that first appeared strongly supportive of a bullish trend . However, price behavior suggests that broader market dynamics and liquidity conditions continue to outweigh isolated supply-side actions. Tokens Burned in 24 hours Over the last day, a total of 838,872 SHIB tokens were permanently removed from circulation. This figure shows a significant increase compared to the previous day, when fewer than 500 tokens were burned. The sharp contrast between these two periods explains the unusually large percentage increase reported in burn statistics. While the headline figure appears striking, the absolute number of tokens removed remains relatively small when measured against Shiba Inu’s massive total supply. Blockchain records show that the burn activity was carried out through two closely timed transactions. These transfers originated from the same intermediary address before the tokens were sent to the official burn wallet, making them permanently inaccessible. Further wallet analysis indicates that the funds used for the burn were routed through an address linked to a wallet previously funded by a major centralized exchange. The transactions were completed within the early hours of the day, which directly triggered the spike observed in burn-rate metrics. Following this latest activity, the cumulative number of burned SHIB tokens now stands at approximately 410.75 trillion. This accounts for roughly 41% of the original maximum supply of 999 trillion tokens. While this milestone reflects the long-term commitment of the community to reduce supply, it has not translated into immediate price strength. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Shiba Inu Price Fails to Reflect Impact of Burn Activity In price terms, Shiba Inu has remained largely unchanged. Over the same 24-hour period, the token posted gains of less than 1%, underperforming expectations among traders who anticipated a more pronounced reaction. The modest uptick that did occur appears to have been driven more by a mild recovery across the broader cryptocurrency market than by the burn activity itself. As Bitcoin and several large-cap altcoins stabilized, SHIB moved in tandem rather than independently. The token’s first meaningful green candlestick in several days coincided with a broader market rebound rather than any SHIB-specific catalyst. This pattern suggests that, at present, Shiba Inu’s price remains heavily influenced by overall market sentiment rather than internal network developments. Adding to the challenge is a noticeable decline in trading activity. Volume metrics show continued weakening participation from both spot and derivatives traders. Over the past day, spot trading volume fell to roughly $24.3 million, while futures volume slipped to about $96.9 million. The longer-term trend is even more pronounced. Over the last seven days, spot volume has dropped by nearly half, while futures volume has declined by a similar margin. This reduction in liquidity limits the market’s ability to sustain any meaningful price recovery. Despite these near-term headwinds, some analysts maintain a constructive longer-term outlook. They argue that the current phase reflects prolonged accumulation rather than structural weakness . Although the surge in Shiba Inu burn activity shows that there’s ongoing community engagement, this has had little to no impact on the token’s price. Until trading participation increases and market conditions improve, burn-related developments alone are not enough to drive sustained upside momentum. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Burn Activity Surges Sharply, But… appeared first on Times Tabloid .
