The post SHIB Burns Collapse 94% Despite Recent Ultra-Bullish Message From SHIB Team appeared on BitcoinEthereumNews.com.

SHIB burn rate crashes SHIB exec speaks on SOU to compensate Shibarium users Despite harsh market turbulence, Shiba Inu remains a major popular meme cryptocurrency among crypto users. A loyal community continues to regularly reduce the circulating SHIB supply. However, the chart shows that over the past day, the SHIB burn rate has greatly collapsed, even despite the recent bullish message issued by top Shiba Inu team member, Lucie. SHIB burn rate crashes According to the figures shared by Shibburn on-chain data tracker, over the past day, SHIB burns have taken a big dent and collapsed by more than 94%. Overall, only 224,644 SHIB were burned, which is a tiny amount compared to the previous day. On Saturday, the portal registered three burn transactions, surpassing three million meme coins: 2,943,898 SHIB; 616,350 SHIB and 395,729 SHIB. In total, the joint efforts of the Shiba Inu community have already helped to remove a total of 410,754,198,122,381 SHIB from the circulating supply. Additionally, 3,856,265,086,248 SHIB coins have been staked, which means they are also out of circulation — but not permanently. You Might Also Like SHIB exec speaks on SOU to compensate Shibarium users In a recently published tweet, SHIB’s top executive, Lucie, who is in charge of social media marketing, spoke about the SOU recovery framework. SOU stands for “SHIB owes you,” and it was launched after the Shibarium hack that took place at the end of 2025: the Plasma Bridge exploit. That unfortunate event affected many Shibarium users, and now the SHIB team is doing their best to reimburse them for that. Lucie revealed that the SOU recovery framework consists of two layers — one is official, and the other one is made for the SHIB community. The official layer is “SOU NFTs on Ethereum,” and it comes from the…

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Filed under: News - @ January 12, 2026 2:21 pm