34,397,753 SHIB Burned as Burn Rate Jumps 274%: Details

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 Shiba Inu eyes December reversal Shiba Inu potential targets Advertisement Dog-themed cryptocurrency Shiba Inu has seen a surge in burn rate in the last 24 hours, with the total amount burned surpassing 34 million SHIB. According to Shibburn , 34,397,753 SHIB tokens were burned in the past day, contributing to a 274% increase in burn rate on a 24-hour basis. This added up to a total of 94,600,421 SHIB tokens burned in the last seven days, however the weekly burn rate saw a slight decline, falling 9.46%. HOT Stories Morning Crypto Report: Is Shiba Inu (SHIB) a Coin to Hold in December? XRP Refuses to Lose $2 Amid Extreme Fear, Bitcoin Is Inch Away From Santa Rally: Bollinger Bands XRP Scores Yet Another Prominent Supporter Crypto Market Prediction: XRP's Last Chance Before $1, Another Bitcoin (BTC) Wave to Set $100,000 in Stone, Shiba Inu (SHIB) Comeback to the Bottom is Possible Ethereum’s Buterin Advocates for Stronger Crypto HOURLY SHIB UPDATE $SHIB Price: $0.00000846 (1hr -0.51% ▼ | 24hr 1.35% ▲ ) Market Cap: $4,986,427,794 (1.27% ▲) Total Supply: 589,246,114,046,995 TOKENS BURNT Past 24Hrs: 34,397,753 (274.74% ▲) Past 7 Days: 94,600,421 (-9.46% ▼) — Shibburn (@shibburn) December 7, 2025 The overall burn activity has resulted in a drop in Shiba Inu total supply, which is currently at 589,246,114,046,995 SHIB, according to Shibburn data . Advertisement At the time of writing, Shiba Inu was down 1.91% in the last 24 hours to $0.000008347 as the broader crypto market traded mostly down on Sunday. Shiba Inu eyes December reversal Coinbase Institutional is seeing a potential December recovery in crypto, a scenario that would favor Shiba Inu as it has largely trended with Bitcoin price in recent months. Coinbase cites improving liquidity and a shift in macroeconomic conditions that could favor risk assets. Coinbase Institutional pointed to increasing chances of a Federal Reserve rate with odds reaching 93% on Polymarket and 86% on the CME’s FedWatch as a key driver. Liquidity conditions are also improving, based on Coinbase’s internal M2 index, which tracks monetary flows that impact asset prices. The firm had previously predicted a weak November followed by a rebound, citing similar indicators. Shiba Inu potential targets Shiba Inu attempted a breakout from its current range trading, surging past the daily MA 50 for the first time since early October. A two-day sharp rise culminated in a high of $0.0000095 on Dec. 3, but bulls could not go any further, as Shiba Inu price fell. Taken from this date, Shiba Inu has marked two out of three days in losses, extending the drop in early Sunday session. If Shiba Inu price reverses as anticipated in December, its first test would be a decisive break of the $0.0000095 level for it to advance toward $0.00001177 and $0.0000148. On the other hand, it seems Shiba Inu is forming a base at $0.00000815 with its next support anticipated in the $0.0000075 and $0.0000078 range. #Shiba Inu (SHIB) News #Shiba Inu #Shiba Inu (SHIB) Price Prediction