Shiba Inu Burns 3.2 Million SHIB as Burn Rate Sees a Sudden Drop

TLDR

• 3,200,022 SHIB were burned in the last 24 hours as per latest Shibburn data.
• Shiba Inu burn rate declined 17% in one day, showing slower on-chain activity.
• SHIB is trading at $0.000007924 after gaining over 3% in the last 24 hours.
• Shiba Inu’s circulating supply stands at 585.28 trillion SHIB as of January 3.

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Shiba Inu has begun the year with a robust price movement, but its burn metric is showing signs of weakening. The token’s deflationary mechanism, aimed at reducing its circulating supply, has recently declined even after recording an explosive start in early January.

According to real-time data from Shibburn, the total number of SHIB burned in the last 24 hours reached 3,200,022 tokens. However, the overall burn rate fell by 17%, indicating a slowdown in the number of tokens being moved out of circulation compared to previous days.

On-Chain Activity Declines as Burn Rate Drops

After a sharp surge in activity at the beginning of 2026, SHIB’s on-chain movements have slowed. Analysts tracking blockchain data have pointed out that the decrease in burn activity is often associated with a drop in transactions and wallet activity.

While the exact reasons for the decline are still unclear, the number of SHIB being sent to dead wallets has fallen. This metric is closely watched as it influences SHIB’s scarcity, which many believe could affect its long-term market behavior.

Despite the reduction, over 3.2 million SHIB tokens have still been removed from the supply in just 24 hours. The ongoing burn remains part of the broader strategy to cut the token’s massive supply.

SHIB Circulating Supply and Market Response

Following the latest burn, the total circulating supply of Shiba Inu now stands at 585.28 trillion tokens. This figure reflects continued efforts to lower the total available supply, although progress remains gradual.

The market, however, has responded positively. SHIB has maintained its upward trend and is trading at $0.000007924 at the time of writing. The price marks a more than 3% increase in the last 24 hours, suggesting that investor interest remains strong despite the burn rate’s drop.

The asset also reclaimed the $0.000008 mark earlier, signaling strong demand from traders. Some market participants view the combination of steady price performance and burn activity as a potential sign of long-term accumulation.

SHIB Continues to Hold Market Attention

Shiba Inu remains one of the most actively tracked altcoins, particularly among retail traders. The start of 2026 saw the token’s burn rate soar by over 10,000%, but the recent decline suggests that such levels may not be sustained regularly.

Still, with over 3 million SHIB burned in a single day, the project continues to remove supply steadily. The asset’s price resilience, even amid reduced burning, is helping to keep SHIB in focus across crypto trading platforms.

Although market conditions can shift quickly, Shiba Inu’s start to the year reflects a combination of supply control and market support, both of which are being closely watched by participants

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