The Shiba Inu index has skyrocketed by 836,955%, attracting the attention of the entire crypto community. The Shiba Inu burn rate, which reflects the rate at which Shiba Inu tokens are burned or sent to unrecoverable dead wallets, has increased significantly over the past 24 hours.
According to Siburn, the Shiba Inu's burn rate has increased by 836,955.45% in the past 24 hours. However, it is surprising that the amount of Shiba Inu tokens burnt was less than 1 million, amounting to 920,761 SHIB tokens.
SHIB UPDATE$SHIB price per hour: $0.00000997 (1 hour 0.34% ▲ | 24 hours -2.66% ▼ )
Market capitalization: $5,876,050,837 (-2.67% ▼)
Total supply: 589,247,302,070,496token burnt
Last 24 hours: 920,761 (836955.45% ▲)
Last 7 days: 229,661,612 (1290.42% ▲)— Shibburn (@shibburn) October 21, 2025
Typically, spikes of this size are caused by millions of SHIB tokens being burned, but the 836,955.45% spike caused by the burn of 920,761 SHIB tokens is still unusual and attracts attention.
This spike comes after just 110 Shiba Inu tokens were burned the day before yesterday, resulting in an 836,955% increase in burn rate. In the past 7 days, Shibburn reported that a total of 229,661,612 SHIB tokens were burned. This represents a 1,290.42% jump in the weekly burn rate.
what to watch now
At the time of writing, SHIB was trading as low as $0.000009911, down 3.18% over the past 24 hours. $319 million was liquidated due to the market-wide decline.
The weekend crypto rally stalled on Monday, with the Crypto Fear & Greed Index remaining in the “fear” zone as investors considered further declines.
Investors continue to monitor the government shutdown, with speculation emerging that it could end soon.
The government shutdown caused an economic data blackout. However, the consumer price index has been postponed and will be released on Friday, and will be a key indicator of inflation ahead of the Federal Reserve's interest rate decision next week.
