Just $13 SHIB Burned in 24 Hours: What's Behind Shiba Inu Burn Rate Drop of 74%

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 Shibburn 's website, just $13 worth of SHIB was burned in the last 24 hours. Advertisement 2.69 million SHIB were burned in the past day, amounting to just $13, with the daily burn rate plunging 74%. Shiba Inu's burn rate has seen a decline since June 20, when 8,795,791 SHIB was burned. In the last seven days, Shiba Inu's burn rate was down 19.11%, despite 37.69 million being burned in the timeframe. This drop follows the trend seen in the past week, marked by selling across the board in the crypto market. In this light, Shiba Inu fell for six straight days, giving back its gains from its mid-June rally. HOT Stories Bitcoin (BTC), Shiba Inu (SHIB), Ethereum (ETH) and XRP Price Analysis For June 22: Reclaiming Bullish Narrative Analyst Urges Ripple to Unlock XRP Escrows Faster You Might Also Like Sun, 05/31/2026 - 15:00 1,535,066 SHIB Burned but Shiba Inu Burn Rate Drops 43% By Tomiwabold Olajide Advertisement Sentiment has remained weak in the crypto market, with most cryptocurrencies staying near recently formed lows. This is reflected in the Shiba Inu burn rate, which saw a drop after an earlier rise in the past week. Shiba Inu price Heavy selling in the last six days pushed Shiba Inu to a low of $0.00000464. Buying ensued early Monday's session, taking SHIB to an intraday high of $0.00000472, erasing most of the past day's decline. At the time of writing, SHIB was down 0.33% in the last 24 hours to $0.00000466 and down 6.44% weekly. The recent move leaves Shiba Inu range-bound and waiting on events it does not control. You Might Also Like Sat, 06/20/2026 - 22:04 28 Billion SHIB Makes Exit: Netflow Flips Bullish Again By Caroline Amosun Advertisement A key test for the market this week will be the release on Thursday of May's reading on the personal consumption expenditures price index, the Fed's preferred inflation gauge. Following last week's hawkish Fed meeting, expectations of an interest rate hike moved forward to as soon as October. Investors are now expecting any inflation reading that could signal the Fed may soon begin increasing rates. The broader range remains intact for SHIB between $0.00000431 and $0.00000546 (the daily MA 50). A sustained move outside either side of this range might provide the first meaningful directional signal Shiba Inu traders have seen in weeks. #Shiba Inu (SHIB) News #Shiba Inu #SHIB