$13 SHIB Only? That's All Shiba Inu Burns This Time Around

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. Shiba Inu burn rate saw a cooling off following July 8's surge when over 113 million tokens were burned. July 8 saw the largest Shiba Inu burn in over six months, with 113,192,435 SHIB burned. Advertisement This was followed by a sharp drop on July 9, with just $13 worth of SHIB burned. According to Shibburn , 2.64 million SHIB were burned in the last 24 hours, translating to a mere $13 in monetary terms. The weekly burn rate, however, stays higher, up 312% with 154.83 million burned in the last seven days. In the last 30 days, 230.06 million SHIB were burned. HOT Stories 'Not Happening': Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy Shiba Inu remains quiet in the market, with the price remaining in the $0.000004 range even as traders exercise caution across the crypto market. At the time of writing, Shiba Inu was recovering alongside the broader crypto market, up 2.14% in the last 24 hours to $0.00000438. Advertisement You Might Also Like Wed, 07/08/2026 - 12:57 Shiba Inu Records Highest Daily Burn Rate Since November 2025 By Caroline Amosun The majority of cryptocurrencies are currently in the green early Friday. The latest bounce seems to be driven by derivatives traders, given the increase in open interest, while spot buyers remain relatively cautious. Traditionally, the strongest and most sustainable rallies begin when both futures and spot demand move higher together. For now, market conditions seem to be improving, but spot demand is still the missing piece. Advertisement Indicators stay mixed The crypto derivatives market is showing mixed data, with 24-hour volume dropping 6% in the last 24 hours to $141 billion while open interest (OI) rose 3.82% in the same timeframe to $110.66 billion. You Might Also Like Sun, 04/12/2026 - 14:11 SHIB Divergence? Open Interest Up 5% Despite Shiba Inu Price in Red By Tomiwabold Olajide Shiba Inu is mirroring this same trend, with its daily volume dropping 42.69% in the derivatives market to $41.88 million while its open interest rose 7.53% to $28.20 million. These diverging trends show investor reluctance to take leveraged bets as the macroeconomic environment stays volatile. #Shiba Inu (SHIB) News #Shiba Inu #SHIB