Shiba Inu’s key metric, which reflects the rate at which tokens are removed from the total supply, has increased over the past 24 hours.
Shiba Inu burn rate increased by 396.19% in the past 24 hours, with 7.505 million dogs burned, Siburn said. 16,904,488 SHIB were burned in the past 7 days, a decrease in weekly burn rate of 77.4%.
Hourly SHIB UPDATE$SHIB Price: $0.00001247 (1 hour 0.16% ▲ | 24 hours -1.56% ▼ )
Market capitalization: $7,347,066,797 (-1.61% ▼)
Total supply: 589,247,578,617,292token burnt
Last 24 hours: 7,505,000 (396.19% ▲)
Last 7 days: 16,904,488 (-77.40% ▼)— Shibburn (@shibburn) October 6, 2025
After surging to a high of $0.00001297 on Sunday, the Shiba Inu rebounded as Bitcoin hit a new all-time high above $125,000.
Bitcoin has fallen from its all-time high, and some alternative virtual currencies (altcoins), including SHIB, have seen profit-taking. At the time of writing, SHIB was trading at $0.00001268, down 0.2% over the past 24 hours.
Macro events shaping the crypto market this week
The U.S. government shutdown that began in early October continues after lawmakers again failed to reach an agreement to keep government offices open.
Investors are facing a blackout of economic data due to the government shutdown, including the September employment report due out last Friday.
Several Fed officials are expected to speak, including Fed Director Steven Milan on Wednesday and Chairman Jerome Powell on Thursday. Investors will also take a look at the minutes of Wednesday's Federal Open Market Committee meeting.
Five Fed officials are scheduled to speak on October 7, and the New York Fed is scheduled to release inflation expectations data. The Fed's FOMC minutes are scheduled to be released on October 8th, and consumer sentiment statistics are scheduled to be released on October 10th.
