Shiba Inu Price Breakout Imminent? Burn Metric Explodes Overnight
Shiba Inu has recorded a dramatic spike in its token burn rate, marking a potential turning point for the meme cryptocurrency. Data from Shibburn reveals that more than 7.2 million SHIB tokens were removed from circulation within 24 hours on January 10, 2026.
The burn rate jumped by 38,043% compared to the previous day. This massive increase breaks a prolonged streak of minimal burn activity that had kept the metric in negative territory for several consecutive days.
Supply Reduction Shows Long-Term Strategy
The total SHIB supply now stands at 589,245,806,058,242 tokens. This figure reflects ongoing efforts to reduce the original quadrillion-token supply through systematic burning.
Sustained burn activity often correlates with broader network health. The recent spike suggests renewed engagement from the SHIB community. Previous periods of elevated burns have coincided with price rallies, though past performance does not guarantee future results.
The Shiba Inu development team has implemented various burn mechanisms since the token's launch. These include transaction-based burns and community-driven initiatives. The latest data indicates these programs may be gaining traction again after a quiet period.
Price Movement Mirrors Burn Activity
SHIB's price increased by 0.81% over the last 24 hours. The token traded at $0.00000871 at the time of reporting. This modest gain marks a shift from recent red territory into positive momentum.
SHIB’s price action over the past 24 hours (Source:CoinCodex)
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