Shiba Inu Price Drops 0.55% Amid 211.77% Burn Rate Surge

Shiba Inu's latest price was $0.00001210, down 0.55% in the last 24 hours. The Shiba Inu community has been actively engaged in reducing the circulating supply of SHIB tokens through burning. The burn rate surged by 211.77% over the past 24 hours, resulting in 219,849 SHIB tokens being burned. The weekly burn statistics show a total of 6,989,286 SHIB tokens removed from circulation, although this represents a 25.13% decline compared to the previous week. Large transactions have contributed millions of SHIB tokens to dead wallets, reflecting the community's strategy to reduce the total supply of SHIB over time. Some of the biggest burn transactions this week included 1,694,200, 1,076,047, 1,331,608, and 1,000,000 SHIB coins. These efforts are part of a broader strategy to reduce the total supply of SHIB over time, potentially increasing its scarcity and value. Despite these efforts, the price volatility of SHIB and the overall market uncertainty continue to impact the token's future. The community's burning process has reduced the supply in circulation, but the market's reaction to these burns has been mixed, showcasing the challenges SHIB faces in gaining sustained bullish momentum.

The Shiba Inu podcast "Shy Speaks" has released eight episodes totaling 3 hours and 55 minutes, featuring lead ambassador Shytoshi Kusama. The podcast provides direct insights into the Shiba Inu ecosystem, covering updates on Shibarium development, Karma beta, Hoichi bridge, and LEASH v2 privacy plans. These episodes offer a clear roadmap for Shiba Inu's decentralization efforts and technical updates. Shytoshi Kusama discusses the Shibarium dev stack, Karma (a gamified XP system now in beta on Puppynet), third-party bridge options such as Hoichi, and privacy experiments for LEASH v2 involving FHE work by Zama. Each topic is discussed with practical context for developers and users, providing an unfiltered perspective on what lies ahead for Shiba Inu. The podcast emphasizes a decentralization focus across several initiatives, highlighting the community's commitment to advancing the Shiba Inu ecosystem.

In 2025, Shiba Inu has encountered significant challenges within the virtual currency landscape, primarily driven by broader market forces that have impacted its performance and investor sentiment. The struggles faced by Shiba Inu this year stem from a combination of factors, including a general downturn in the cryptocurrency market, the gradual fading of previous hype surrounding the token, and persistently low levels of institutional involvement. These elements have collectively contributed to its weakened position, highlighting vulnerabilities in how external conditions can affect such assets. Further compounding these issues, analysts have noted that Shiba Inu lacks distinct uniqueness or practical utility compared to other digital currencies, which has raised questions about its long-term viability. Despite past surges in popularity, the token continues to navigate a landscape where these inherent limitations influence its ongoing narrative and adoption.