Shiba Inu (SHIB) has climbed back above $0.0000057 as the wider cryptocurrency market recovers, but the token's burn rate has moved sharply in the opposite direction, according to new data.

SHIB gained more than 6% in 24 hours and touched a multi-week high near $0.000005720 during trading. The token last traded around that level on August 25, when it reached $0.000005739 during the day. Bitcoin also moved above $83,000, and the broader recovery helped several altcoins regain ground after recent weakness across major cryptocurrency markets. SHIB rose as buying activity returned across the market.

The price rebound, however, was not matched on the supply side. Burning refers to sending tokens to an inaccessible wallet address so they permanently leave circulating supply, a practice the SHIB community has long tracked as part of the token's supply dynamics. Burn activity weakened across 24-hour, weekly, and monthly time frames, showing that the token's return to multi-week highs has not been accompanied by a pickup in token removals from circulation.

Burn Activity Drops More Than 90%

Data from Shibburn shows the burn rate fell 90.69% over 24 hours. The community removed only 6.72 million SHIB during the period, worth about $37. The decline followed a recent Shibarium network update, which arrived as transaction and burn activity remained under pressure.

A single transaction accounted for the entire 6.72 million SHIB burn. A Coinbase user sent the tokens to the burn address more than 14 hours earlier, and no further community burns appeared after that transfer during the latest reporting period.

Larger SHIB Burns Become Less Common

The latest daily total stands well below the 72.18 million SHIB removed during the previous 24-hour period. Daily burns above one billion SHIB have also become less frequent. The last such event occurred on July 27, when 1.27 billion tokens left circulation. The gap shows how sharply daily burn volumes have changed in a short span.

Market conditions have improved even as burn activity slowed. Bitcoin recently reclaimed $80,000 after a volatile week, helping strengthen sentiment across the crypto market. SHIB followed that wider recovery, although its supply reduction data continued to weaken across both shorter and longer periods. The latest numbers therefore show a clear divergence: price strength alongside a declining pace of token removals.

Weekly and Monthly Burns Decline

Weekly burn figures also moved lower. The community destroyed 111.26 million SHIB over seven days, down 20.24% from the previous period. Monthly burns reached about 460.58 million SHIB, representing an 86.72% decline, as burn activity remained subdued.

Bitcoin's continued recovery also supported broader cryptocurrency prices during this period. The weaker Shiba Inu burn figures come as Bitcoin tests higher levels after its rebound above $81,000. SHIB has recovered alongside the broader market, but recent data shows that token destruction has not accelerated with price. The supply reduction pace therefore remains lower than in recent periods. Upcoming Shibburn reporting periods will show whether daily burn totals recover from current lows and whether burn events above one billion SHIB, absent since July 27, reappear.