SHIB Price Rockets 9% Despite Burn Rate Collapsing Nearly 98%

The Shiba Inu token has experienced a dramatic reversal in its burn metrics during the opening days of 2026. Data from Shibburn reveals a 97.83% decrease in the burn rate over the past 24 hours, representing the first significant drop since the calendar turned to the new year.

This decline follows an exceptional start to 2026 when SHIB’s burn rate skyrocketed by more than 12,000%. The stark contrast highlights the volatile nature of token burning activity within the meme coin ecosystem.

According to Shibburn’s tracking system, only 3,777,885 SHIB tokens were removed from circulation in the last 24 hours. This marks a substantial decrease from the previous day when 173,007,224 SHIB were burned. The earlier figure contributed to a 12,025.45% surge in burn rate, establishing one of the highest daily burn records for the token.

Weekly Metrics Show Sustained Burning Activity

Despite the recent 24-hour setback, broader metrics paint a more optimistic picture. The seven-day burn rate demonstrates continued strength with 193,830,385 SHIB tokens eliminated from the total supply. This translates to a 502.42% increase in weekly burn rate.

The sustained burning activity has made a measurable impact on token supply. Shiba Inu’s total circulating supply now stands at 589,245,844,288,847 SHIB. Token burns serve as a deflationary mechanism designed to reduce supply and potentially support price appreciation over time.

Price Performance Reflects Market Optimism

Shiba Inu’s price action has mirrored the positive sentiment surrounding the token. The cryptocurrency posted significant gains on January 1, climbing from $0.00000688 to $0.00000751. This sharp increase reversed a three-day decline that had pulled SHIB down from its high of $0.00000756 on December 29.

The upward momentum continued into Friday. SHIB reached $0.00000765, a price level last observed on December 17. At the time of writing, the token is trading at $0.00000790, representing a 9.66% increase over the last 24 hours.

SHIB’s price action over the past 24 hours (Source:CoinCodex)