Burn Rate Explodes As SHIB Bounces 5% From Lows
The post Burn Rate Explodes As SHIB Bounces 5% From Lows appeared on BitcoinEthereumNews.com.
SHIB bounced roughly 5% from the lower channel boundary, but remains below Supertrend and key EMA resistance. Burn rate surged more than 3.9 million percent in 24 hours, though the absolute supply impact remains limited. Intraday momentum shows stabilization, not reversal, with rallies capped below the $0.0000086 trend barrier. Shiba Inu price today trades near $0.00000738 after rebounding roughly 5% from the lower boundary of its descending channel. While the bounce offers short-term relief, the broader structure remains under pressure as SHIB continues to trade below key trend indicators and dynamic resistance levels. Burn Rate Spikes Over 3.9 Million Percent In 24 Hours SHIB recorded a dramatic surge in burn activity, with Shibburn data showing a 3,915,071.74% increase in the burn rate over the past 24 hours. During that period, 21,611,748 SHIB tokens were permanently removed from circulation. The burn transactions were spread across multiple wallets, including several large transfers exceeding 2 million SHIB in a single transaction. While the absolute token count is small relative to SHIB’s massive supply, the psychological impact of a burn spike of this magnitude is meaningful in the short term. Related: XRP Price Prediction: Wallet Growth Surges Even as XRP Falls Despite the headline burn figure, SHIB’s broader supply picture remains largely unchanged. Total supply currently stands near 589.24 trillion SHIB, with circulating supply estimated at 585.28 trillion SHIB. Roughly 410.75 trillion SHIB have been burned since inception, while just under 4 trillion SHIB remain staked. Daily Chart Shows Trend Still Firmly Bearish SHIB Price Dynamics (Source: TradingView) On the daily chart, SHIB remains locked inside a well-defined descending channel that has guided price lower since the July peak. The recent rebound emerged directly from the lower channel boundary near $0.0000070, a zone that has repeatedly attracted reactive buying. However, trend indicators continue to…
Filed under: News - @ December 19, 2025 6:27 pm