Shiba Inu’s token burn activity slowed over the past 24 hours, even as more than three million SHIB were sent out of circulation. Updated burn figures show daily, weekly, and monthly burn rates all declined, indicating that the project’s deflationary mechanism has lost momentum despite continued community participation.

According to the latest burn data, more than three million SHIB were permanently removed during the past day. However, the daily burn rate fell by 15.80%. The weekly burn rate also declined by 28.12%, while the monthly burn rate dropped 37.44%, showing weaker burn activity across multiple time frames. Burn-rate readings can decline even when tokens are still being destroyed because they measure activity against a prior comparison period, not simply whether any burn occurred.

Over the last seven days, the Shiba Inu community burned 59.77 million SHIB, valued at about $251. During the previous 30 days, total burns reached 286.85 million SHIB. While those figures show that holders are still sending tokens to dead wallets, the amounts remain small compared with SHIB’s large circulating supply. In practice, SHIB burns remove tokens by transferring them to wallets that are not expected to be accessible again, reducing supply on-chain without directly changing demand.

Overall, 41.08% of SHIB’s original supply has been removed from circulation. The network has recorded more than 410.84 trillion burned tokens across 21,266 burn transactions. A large share of that cumulative total still comes from Ethereum co-founder Vitalik Buterin’s historic burn of approximately 410 trillion SHIB in May 2021.

SHIB Holds Modest Weekly Gain as Broader Market Pauses

Despite the slowdown in burn activity, Shiba Inu’s market performance remained relatively steady compared with broader cryptocurrency trends. At the time of writing, SHIB traded near $0.000004164, down 1.63% over the previous 24 hours, while still holding a modest 0.82% gain over the week.

Bitcoin traded around the $65,000 level as the wider cryptocurrency market paused after recent gains. Several major digital assets also posted moderate declines during the same period, including Shiba Inu.

Recent U.S. economic data also influenced financial markets. Weekly jobless claims came in at 187,000, below economists’ expectations of 212,000. Even so, market participants broadly viewed the latest pullback as a pause rather than a larger shift in market direction.

Liquidity conditions remain another key factor for crypto assets. CryptoQuant noted that stablecoin purchasing power appears to be stabilizing at the margin. However, the analytics firm said overall liquidity has not recovered enough to provide stronger support for a sustained market-wide advance. For assets such as SHIB, which often trade with the broader risk-asset cycle, available market liquidity can matter as much as token-specific supply changes.

CryptoQuant also indicated that continued positive stablecoin net flows could improve market conditions over time. Still, stronger bullish momentum would require exchange reserves to stabilize while newly issued stablecoins consistently exceed redemptions.

Supply Reduction Has Not Yet Changed SHIB’s Market Outlook

Although millions of SHIB continue to move into inaccessible wallets, the current pace of burning remains insufficient to meaningfully reduce the token’s available supply. As a result, broader market liquidity and investor participation remain more influential factors for SHIB’s near-term price performance than the ongoing burn mechanism. Future burn data will remain relevant, but its market impact depends on whether burn volumes become large enough relative to circulating supply and whether broader crypto liquidity improves.

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