Key Notes
- On December 19, Shibburn data shows that the SHIB burn rate spiked by 3,915,071.74%.
- This led to the removal of 21,611,748 SHIB from the ecosystem.
- SHIB price is 1.5% down, failing to complement the mild supply shock.
In an unexpected twist, Shiba Inu
SHIB
$0.000007
24h volatility:
1.9%
Market cap:
$4.35 B
Vol. 24h:
$200.65 M
has recorded a massive spike in burn rate within the last 24 hours. According to Shibburn, the dedicated burn tracker for the memecoin, a 3915071.74% surge in SHIB burn rate has been recorded. This is equivalent to the permanent removal of 21,611,748 SHIB from the ecosystem.
What Next for SHIB Price?
With a burn rate of this magnitude, Shiba Inu has mildly reduced its circulating supply and provided an avenue for a potential price rebound.
So far, it has destroyed a total of 410,753,929,644,556 SHIB from the initial supply of the token. This leaves the ecosystem with about 585,277,528,786,334 SHIB in circulation.
However, the price of the token has not shown as much rebound from the supply shock. In other words, the current outlook of SHIB does not complement the burn, nor does it follow the principle of reduced supply and price.
According to CoinMarketCap, Shiba Inu is currently trading at $0.000007377. This price level follows a 1.5% drawdown within the last 24 hours.
It is worth noting that the Shiba Inu ecosystem has seen several events, including the recent altcoin rebound, that could catalyze a price uptick but failed to respond accordingly. About a week ago, it witnessed a sharp surge in whale activity, with on-chain data showing that over 1 trillion SHIB tokens moved to exchanges within 24 hours.
Even the incident with the Shibarium exploit was not strong enough to discourage these investors.
The MAXI DOGE Presale in Spotlight
There is still optimism that the SHIB price will improve significantly, but until then, many investors have their attention on Maxi Doge (MAXI), a canine-themed crypto asset.
By all means, this token is gaining traction and enjoying the limelight, and has successfully entered the league of the best crypto presales of 2025. Investors have seen this new project gather positive momentum, which has now caused it to grow significantly in such a short time.
So far, its ongoing project presale has raised a total of $4,345,544.45, underscoring its strong traction. This is an indication that investors perceive its long-term potential and are willing to invest their funds.
The official presale website indicates that the token’s price is set to be adjusted in about 2 days and 17 hours. Purchases can be completed using credit or debit cards, as well as cryptocurrency.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
Godfrey Benjamin on X
Source: https://www.coinspeaker.com/shiba-inu-burn-rate-rockets-3915071-altcoins-rebound/
