Shiba Inu Burn Rate up 676% on Thanksgiving: 61,833,188 SHIB up in Smoke
Analysis
Price Impact
MedWhile the burn rate surge of 676% is impressive, the absolute number of shib tokens burned (61.8 million) is still a very small fraction of the total circulating supply. this limits its immediate, dramatic price impact. however, it signals strong community engagement and a continued effort to reduce supply.
Trustworthiness
HighThe burn data is directly sourced from shibburn, a recognized and reputable tracker for shiba inu burn statistics.
Price Direction
BullishToken burns fundamentally reduce circulating supply, which is a deflationary mechanism and generally bullish in the long term. although the immediate price reaction was flat, sustained burn efforts support future price appreciation by increasing scarcity.
Time Effect
LongA single day's burn, even at a high percentage increase, will not drastically affect the price of a cryptocurrency with a quadrillion-level supply. the effects of supply reduction become more pronounced over extended periods of consistent burns.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Dog-themed cryptocurrency Shiba Inu saw a burn rate surge of 676% going into the Thanksgiving holiday. Advertisement According to Shibburn , 61,833,188 SHIB tokens were burned in the last 24 hours, representing a 676.38% increase in daily burn rate. In the last seven days, 114,424,622 SHIB tokens were burned, marking a 155.66% increase in the weekly burn rate. HOURLY SHIB UPDATE $SHIB Price: $0.00000864 (1hr 0.17% ▲ | 24hr -0.04% ▼ ) Market Cap: $5,091,883,962 (0.00% ▲) Total Supply: 589,246,218,190,454 TOKENS BURNT Past 24Hrs: 61,833,188 (676.38% ▲) Past 7 Days: 114,424,622 (155.66% ▲) — Shibburn (@shibburn) November 27, 2025 Shiba Inu enters Thanksgiving with flat price action, up 0.45% in the last 24 hours to $0.000008582 and down 0.47% in the last seven days. Advertisement Thanksgiving has been indicated as generally a flat day for Bitcoin and altcoins. Since 2013, Bitcoin has seen an average return of 1.5% on the day and has only posted four negative Thanksgiving sessions. HOT Stories Morning Crypto Report: Is It Too Late to Buy Shiba Inu (SHIB)? Elon Musk's SpaceX Resumes Strange Bitcoin Activity, $1,000,000,000 Ripple Stablecoin Gains Traction in UAE Crypto Giant Upbit Discloses $37 Million Hack on Solana Network Ripple Accelerates RLUSD Mints on XRPL XRP Price Forms Golden Cross, Shiba Inu Makes 1.36 Trillion SHIB Comeback, Legendary Trader Brandt Reveals ‘Dead Cat’ on Bitcoin (BTC) Chart – Crypto News Digest December hints at Shiba Inu reversal Shiba Inu saw a sharp increase at the start of the week, marking three straight days of gains from Nov. 23 to 25. Shiba Inu rose from $0.00000756 on Nov. 22 to $0.0000089 on Nov. 25 before it retraced. The drop in the Shiba Inu price on Wednesday comes as the day before Thanksgiving has historically been a weak session for most crypto assets, including Bitcoin, while the holiday itself and the following day have typically had slightly positive returns. Despite Q4 usually being Shiba Inu's strongest quarter, 2025 has diverged from the trend, with Shiba Inu down for the fourth consecutive month since July. The price of SHIB is down 14.47% so far in November, after it closed its first red October since its inception. Eyes will be on what December brings for Shiba Inu, with U.S. perpetual style futures to be launched by Coinbase as well as 24/7 trading for its monthly futures. Shiba Inu would need to rise about 65% from current prices in order to achieve a positive close to 2025. #Shiba Inu (SHIB) News #Shiba Inu