Shiba Inu ($SHIB) crashed 100% as the network recorded zero write activity for the second time within 7 days. Shiba Inu Burn rate dropped to zero At the end of January 2026, a widespread meltdown affected dog-themed meme coins in terms of price outlook and ecosystem activity.
$SHIB Prices fall as market sentiment turns bearish
Sibburna platform that tracks burn rates on the Shiba Inu network, observes that there have been no burn acts in the past 24 hours. This zero burn rate appears to have further worsened the memecoin's price, which has fallen by more than 5% within the same period.
To put it simply, the Shiba Inu's ecosystem burns periodically. $SHIB A move aimed at reducing circulating supply, which will be cut from its total supply. This move aims to reduce the circulating supply, create a kind of scarcity, and hope for higher prices.
However, as the combustion rate was completely reduced, the circulating supply stabilized at 585,423,776,344,682. $SHIB.
This means that efforts to stabilize prices through ecological deflationary mechanisms have failed. Only 777,777 items were incinerated in the last incineration operation, which took place about 48 hours ago. $SHIB. This was not enough to affect the price outlook.
As bearish sentiment grew, Shiba Inu plummeted from a daily high of $0.000006809 to a daily low of $0.000006415. At the time of writing this article, Shiba Inu exchange It traded at $0.000006475, reflecting a decline of 4.51% over the past 24 hours.
Memecoin's trading volume increased by 11.99% to $180.43 million, with most of it declining, casting a shadow on the entire cryptocurrency market.
This situation was further exacerbated by the decline in Bitcoin, the leading crypto asset. The price of this coin fell from $76,486.24 to $71,222, losing over $5,000 in the past 24 hours. Market participants are hoping that Bitcoin will regain $72,500 and provide temporary relief to the broader crypto market.
Analyst warns of further downside risk for Shiba Inu
For the Shiba Inu, the downhill journey may not be over yet, except under different circumstances. As highlighted by renowned on-chain analyst Ali Martinez, currently $SHIB The structure looks fragile as it remains below the key support at $0.000006672.
Martinez predicts that possibility. 81% drop from current price level. If that happens, the profits that Shiba Inu has built over the past three years could be wiped out.
Meanwhile, in the past 24 hours, Shiba Inu Spot flow increased by over 1,500%but it wasn't enough to push it. $SHIB I'm out of the red zone.
