- Burn Spike: SHIB burn rate surged 1,567%, destroying over 1.1 million tokens in 24 hours.
- Price Pressure: Despite rising burns, SHIB trades weak at $0.00000825, down weekly and daily.
- Institutional Interest: Coinbase futures and T. Rowe Price ETF filing boost SHIB’s long-term exposure potential.
Shiba Inu surprised traders with a massive burn spike over the weekend. Saturday alone saw 1,157,800 SHIB tokens sent to dead wallets. That marks a 1,567 percent surge from Thursday’s low of just 69,420 tokens. Despite this activity, SHIB price remains under pressure, trading around $0.00000825. The disconnect between rising burns and weak price action has caught many investors’ attention, raising questions about market sentiment and long-term supply impact.
Burn Rate Reverses Sharply
Burn tracking service Shibburn reported the sudden reversal, highlighting the large jump in destroyed tokens. Thursday’s burn rate had collapsed nearly 63 percent, reaching one of the lowest levels this month. Even with the weekend surge, weekly burn activity remains down 77 percent, with only 21.3 million tokens removed in seven days. No specific catalyst has been identified for Saturday’s spike, leaving analysts and traders to speculate on the cause.
Community-driven burns continue to play a role in controlling SHIB’s enormous 589 trillion token supply. The surge shows that holders remain committed to reducing circulating supply, despite broader market challenges. Last week, Coinbase launched perpetual-style futures for SHIB and ten other altcoins. This provides U.S. traders 24/7 regulated access to SHIB derivatives. Meanwhile, T. Rowe Price filed with the SEC for an Active Crypto ETF, listing Shiba Inu as a potential asset. These developments suggest growing institutional recognition and potential future inflows.
Market Pressure Persists
Despite the burn activity, SHIB price remains weak, down 1.47 percent daily and 2 percent weekly. Broader market conditions appear in a mild bearish phase, according to Glassnode. Institutional selling pressure and the aftermath of October’s $19 billion liquidation event continue to weigh on momentum. The burn surge represents just 0.0002 percent of the circulating supply, illustrating the scale required to meaningfully impact price.
Traders now watch technical support levels closely. Rising burns could provide long-term benefits by reducing overall supply, but short-term price action is dictated by market sentiment. Coinbase’s futures launch introduces a regulated environment for SHIB trading in the U.S., potentially attracting more institutional participants. T. Rowe Price’s ETF filing opens the door for broader investment exposure. With 17 days left in 2025, traders remain on for catalysts that could shift momentum before year-end.
Shiba Inu’s market shows the tension between community initiatives and price behavior. While burns reflect active engagement from holders, weak price movement highlights broader market challenges. Investors may see the burn trend as a positive sign for long-term supply management. However, immediate gains remain limited amid current market conditions. Observing the interplay between burn activity, price trends, and institutional interest will be crucial in the coming weeks.
