Shiba Inu’s daily burn rate plunged to one of its lowest levels in recent history, surprising the community. According to Shibburn data, only 964,247 SHIB tokens were burned in the last 24 hours—a dramatic 95% decrease compared to typical daily figures. This sharp decline stands out for a token that usually sees millions or even billions of SHIB tokens burned in a single day.
Low Burn Activity Signals Decreased Participation
This sub-one-million burn figure reflects reduced community participation in the token-burning initiative. While Shiba Inu’s ecosystem relies heavily on community-led burns to control supply, this significant drop suggests a slowdown in engagement. Although no official reason has been cited, several contributing factors could explain the low activity.
First, the overall market has shown signs of cooling, which may have reduced the enthusiasm around token burning. Additionally, many SHIB holders appear to be choosing to HODL rather than burn, possibly anticipating a future price rally. This strategic patience reflects growing optimism, especially amid recent price gains across the broader altcoin market.
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Despite the sharp fall in burn numbers, one day of low activity does not necessarily pose a long-term threat. Even small burns contribute over time, especially when combined with other efforts within the Shiba Inu ecosystem. Community initiatives, ecosystem developments, and strategic token utility could help maintain SHIB’s deflationary push over the long run.
SHIB Price Remains in Positive Territory
At the time of writing, SHIB had increased by 0.81% in the past 24 hours to $0.00001236 and was up nearly 14% for the week. This price action has brought SHIB closer to a key resistance zone, attracting attention from bullish traders.
Source: TradingView
Currently, SHIB is attempting to break past the daily Simple Moving Average (SMA) 50, which sits at $0.00001279. If SHIB can close above this level with strong trading volume, analysts expect a potential breakout toward $0.0000156.
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A further climb could challenge the daily SMA 200 at $0.000019, where strong resistance may appear. Meanwhile, cautious sentiment still lingers. Should bearish momentum return, SHIB could find support around the $0.00001 level.
Despite the dip in burn activity, the overall sentiment remains moderately bullish as traders monitor key technical levels and broader market cues.
