Shiba Inu has rebounded above $0.0000057, but its token-burning activity has dropped sharply, creating a notable divergence between SHIB’s price recovery and its recent supply reduction.
Shiba Inu is benefiting from the broader crypto market recovery led by Bitcoin, which has surpassed the $83,000 mark. Against this backdrop, SHIB has posted a strong recovery, gaining more than 6% over the past 24 hours. The move pushed the token to a multi-week high of $0.000005720.
For context, SHIB last traded around these levels on August 25, when it reached an intraday high of $0.000005739. Therefore, the latest rally has returned SHIB above the $0.0000057 threshold after the token experienced significant weakness in recent weeks.
SHIB Burn Rate Drops 90.69%
However, SHIB’s price recovery has not translated into stronger burn activity.
According to Shibburn data, the Shiba Inu burn rate plunged 90.69% over the past 24 hours. During that period, the community removed just 6.72 million SHIB from circulation, worth $37 at the current price.
This figure represents a sharp decline from the more than 72.18 million SHIB burned during the preceding 24-hour period.
Notably, a single transaction accounted for the entire 6.72 million SHIB burned during the latest period. A Coinbase user initiated the transaction more than 14 hours ago, while the burn contract has recorded no additional community burns since then.
As a result, the latest data points to a significant slowdown in SHIB’s burn activity despite the token’s improving market performance.
Billions of SHIB Burns Become Less Frequent
Shiba Inu has long relied on token burns as a mechanism for reducing its circulating supply. In addition, activity surrounding Shibarium has contributed to periods of substantially higher burn volumes, including instances when billions of SHIB were removed from circulation.
However, burns of that magnitude have become less frequent. The last time the community burned more than 1 billion SHIB in a single day was July 27, 2026, when over 1.27 billion tokens were destroyed.
The latest 6.72 million SHIB burn therefore stands in sharp contrast to the much larger totals recorded during periods of elevated burn activity.
Weekly and Monthly Burn Activity Declines
Furthermore, the slowdown extends beyond the past 24 hours.
Shibburn data shows that the community burned 111.26 million SHIB over the past week, representing a 20.24% decline in weekly burn activity.
The monthly figures show an even steeper drop. Shiba Inu recorded approximately 460.58 million SHIB burns over the past month, marking an 86.72% decline in monthly burn activity.
Therefore, while SHIB has benefited from renewed buying pressure and the broader cryptocurrency market recovery, its recent burn data tells a different story. The latest figures show that the pace of circulating-supply reduction has slowed considerably even as the token stages a price rebound.
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