Shiba Inu's Burn Rate Fires 1734% But Traders Are Still Betting Against The Memecoin—What You Need To Know

Shiba Inu's Burn Rate Fires 1734% But Traders Are Still Betting Against The Memecoin—What You Need To Know

More than 19 million Shiba Inu (CRYPTO: SHIB) tokens were kicked out of circulation Monday, applying additional deflationary pressure on the popular dog-themed meme coin.

Shiba Inu Struggles with Burn Rate but Price Stays Bullish

Shiba Inu’s daily burn rate plunged to one of its lowest levels in recent history, surprising the community. According to Shibburn data, only 964,247 SHIB tokens were burned in the last 24 hours—a dramatic 95% decrease compared to typical daily figures. This sharp decline stands out for a token that usually sees millions or even billions of SHIB tokens burned in a single day. Low Burn Activity Signals Decreased Participation This sub-one-million…