Shiba Inu (SHIB) Burn Rate Explodes Over 2,000,000%: What Happens?

Find out why SHIB’s price could recover in the near term.

However, the renewed spike in Shiba Inu burns suggests a relief rally may be on the way.

SHIB goes up in flames

Shibburn – the revealed that the rate has increased by more than 2,000,000% on a daily scale. The exact number of scorched tokens exceeds 2.2 million.

The USD equivalent of this is insignificant, but continued efforts in that area could make the meme coin more scarce and valuable. The team adopted the burning mechanism three years ago and since then a total of 410.75 trillion tokens have been sent to a zero address, leaving 585.26 trillion coins in circulation.

Another factor that can be interpreted as bullish for the price of Shiba Inu is the recent exchange rate net flow. CryptoQuant’s data shows that outflows have exceeded inflows over the past week, indicating that investors have abandoned centralized platforms and turned to restraint.

Earlier today, the total amount of SHIB held on exchanges fell to around 80.5 trillion, the lowest level since April 2021. Such a development typically results in reduced immediate selling pressure.

The bearish signal

SHIB is currently trading at around $0.000008659 (per CoinGecko), which represents a weekly decline of 11% and a valuation well below the late 2024 local high.

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Some analysts believe that a substantial rebound could depend heavily on the advancement of Shiba Inu’s layer-2 blockchain solution – Shibarium. One such person is Bitcoin advocate Jeremy Davinci, who said earlier this year:

“I think Shiba Inu has a lot of use now that they have Shibarium, and basically it’s a chain that allows you to run all kinds of applications. However, no one is using it and there are no applications yet to use your tokens on Shibarium. If they get that fixed, Shiba Inu will go to the moon.”

Shibarium had its glory moments in 2025, when the network processed millions of daily transactions. However, the protocol’s security was breached in September and this figure has fallen sharply since then, due to reduced use and declining ecosystem activity.