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Shiba Inu Burn Rate Explodes 1,869% in a Day—But Massive Fires Leave No Real Scar
The Shiba Inu burn rate rocketed an astronomical 103,222% in a single day, sending ripples through the crypto community. Over 102 million SHIB tokens went up in digital smoke, with one massive transaction torching 97.6 million tokens alone. The crypto whales were clearly busy, as large transactions surged alongside the burn activity.
102 million SHIB tokens vanished in digital flames as burn rates exploded over 100,000% overnight
This dramatic burn rate explosion wasn’t a one-time event either. Recent statistics show the burn rate jumping by 112,839% within just 24 hours, marking one of the most notable increases in SHIB’s history. May 2025 saw an 18% year-on-year increase in tokens burned through Shibarium fees, with roughly 320 million SHIB eliminated that month alone.
Shibarium, SHIB’s layer-2 blockchain, plays a vital role in these burns. Think of it as SHIB’s own highway system where every toll fee helps reduce the token supply. Daily transactions on Shibarium have surged to 4.5 million, and each transaction fee contributes to burning more tokens. The network’s growing DeFi integrations and auto-burn features are designed to keep this process rolling.
Despite these impressive burn numbers, SHIB’s price hasn’t exactly moonwalked to new heights. The token has actually dropped 27% from its yearly peak, reaching critical support levels. Technical analysis shows SHIB struggling to break above the resistance at $0.00001384, which remains a key level for any sustainable upward movement. The broader crypto market downturn, influenced by Bitcoin’s movements, continues to affect SHIB’s price stability. If current support levels break, analysts warn of a potential 35% further drop.
The Shiba Inu team isn’t sitting idle though. They’ve partnered with TokenPlayAI to develop a Shiba-themed gaming ecosystem, including plans for a full SHIB arcade. These developments aim to increase token utility beyond just being another meme coin. Unlike established cryptocurrencies like Litecoin, which offers low transaction fees for everyday purchases, SHIB is still searching for its practical use case beyond speculation.
Here’s the reality check: while burning millions sounds impressive, SHIB’s massive supply means these burns are like taking a cup of water from the ocean. With SHIB’s total supply sitting at 589.5 trillion tokens, even burning billions barely makes a dent in the overall circulation. Some projections suggest burning 10 trillion SHIB monthly could meaningfully impact prices, but current rates fall far short of that target.
For now, these massive fires are creating more smoke than actual price movement, leaving hodlers waiting for the real impact to materialize.
