34,197,836 SHIB Gone, yet Shiba Inu Burn Rate Stays Negative
Analysis
Price Impact
MedWhile a significant amount of shib was burned, the overall burn rate remains negative weekly and monthly, indicating that the supply reduction efforts are not keeping pace with new token generation or other factors influencing supply. this can be seen as a slightly bearish sign for the token's long-term price potential.
Trustworthiness
HighPrice Direction
BearishThe article explicitly states that shib was 'down 4.44% in the last 24 hours to $0.00000556 and 5.06% weekly'. coupled with the negative burn rate trend, this suggests a current bearish sentiment and price trajectory.
Time Effect
ShortThe article focuses on recent burn data (last 7 days, last 24 hours, last 30 days) and current price movements, indicating a short-term impact analysis.
Original Article:
Article Content:
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. According to the Shibburn website, millions of SHIB surpassing 34 million tokens were burned in the last seven days, yet the SHIB weekly burn rate stays negative. Advertisement 34,197,836 SHIB were burned in the last seven days according to the SHIB burn website. Though significant, this didn't produce a rise in the burn rate, which was down weekly. The SHIB burn rate is down 79.28% in the last seven days, marking a drop compared to the past week. However, the Shiba Inu burn rate is up 28.17% in the last 24 hours in contrast to the weekly burn rate, which is down. 2,263,020 SHIB were burned in the past day, according to the Shibburn website . 174,380,847 SHIB were burned in the last 30 days, a drop of 3.74%. HOT Stories Bitcoin (BTC), Hyperliquid (HYPE), Zcash (ZEC), Dogecoin (DOGE) and Ethereum (ETH) Price Analysis for May 23: Fundamental Shift in Investors' Sentiment Fidelity: Bitcoin in Early Bull Market You Might Also Like Tue, 05/12/2026 - 09:25 Shiba Inu Burn Sees 710% Jump in SHIB Destruction Amid Supply Cut By Tomiwabold Olajide Advertisement A total of 410,840,048,587,457 SHIB have been burned out of the initial 1 quadrillion supply. Shiba Inu's total supply is now 589,159,952,012,542 SHIB, according to the SHIB burn website. SHIB price declines The crypto market extended its selling early Saturday with most digital assets recording significant losses. Shiba Inu was likewise in red; at the time of writing, SHIB was down 4.44% in the last 24 hours to $0.00000556 and 5.06% weekly. You Might Also Like Sat, 05/23/2026 - 03:00 -61% Bullish Shiba Inu (SHIB) Metric Plummets in Last 24 Hours By Arman Shirinyan Advertisement CoinGlass data showed $916 million in crypto liquidations over the past 24 hours, with longs accounting for the majority of this figure, suggesting the move was more of a one-sided capitulation than a volatile market whipping both directions. The selloff affected 152,025 traders who were liquidated, according to CoinGlass data. Longs were liquidated about eleven times as much as shorts, indicating that bullish positioning was dominant before the price move. These were caught offside as the selloff forced them to unwind positions at a loss. Of the total liquidation, $843 million came from long positions, whereas short bets came in at $75 million. The selloff comes as rising global bond yields sap demand for riskier, zero-yield assets. #Shiba Inu (SHIB) News #Shiba Inu