In the past 24 hours, Shiba Inu burn rate has increased by 3,620%. However, despite this four-digit burn rate spike, less than 1 million tokens were burned.
According to Siburn, 715,893 SHIB tokens were burned in the past 24 hours, which is significantly less than when millions of SHIB tokens were burned.
The 3,620.28% jump in burn rate is due to the fact that only 19,243 SHIB tokens were burnt in the previous day, causing Shiba Inu’s burn rate to drop to 0%.
Hourly SHIB UPDATE$SHIB Price: $0.00000781 (1 hour -0.10% ▼ | 24 hours 0.35% ▲ )
Market capitalization: $4,600,890,031 (0.35%▲)
Total supply: 589,246,091,967,744token burnt
Last 24 hours: 715,893 (3620.28% ▲)
Last 7 days: 2,219,196 (-97.06% ▼)— Shibburn (@shibburn) December 17, 2025
2,219,196 SHIB tokens were burned in the past 7 days, which is down from the past few weeks, resulting in a 97.06% decrease in weekly burn volume.
Due to burns over the past 7 days, the total Shiba Inu supply has decreased slightly and now stands at 589,246,091,967,744 SHIB.
The Shiba Inu continued to trade quietly after the U.S. Federal Reserve (Fed) decided to cut its widely expected interest rates last week, holding onto key support as traders gauge what's to come.
Shiba Inu price action
At the time of writing, SHIB is down 1.31% over the past 24 hours, in line with the decline in the overall crypto market as investors consider the economic data released this week.
Cryptocurrency markets edged lower after delayed employment data showed a net loss for the past two months.
The market's probability of a rate cut next month remains unchanged following the latest employment data, indicating that further rate cuts are unlikely. Federal funds futures traders see a 24% chance of a rate cut in January, according to the CME FedWatch tool.
On the economic front, Federal Reserve President Christopher Waller and New York Federal Reserve President John Williams are scheduled to speak on Wednesday morning.
Traders are also keeping an eye on Thursday's release of the November Consumer Price Index.
Shiba Inu has been steadily declining since its high of $0.000009 on December 9th, with losses on seven of the eight days since then, including today. A break above the $0.00009 level could cause SHIB to target $0.00001 and $0.000011, allowing SHIB to erase the zero from the price. If the price falls further, support is assumed in the $0.000007 range.
