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Shiba Inu Burn Rate Down to 0%, What's Happening?

2025-07-02 00:23:14

Shiba Inu Burn Rate Down to 0%, What's Happening?

Main Idea

Shiba Inu's burn rate dropped to 0%, coinciding with a 3.56% price decline, while millions of SHIB tokens were still removed from circulation.

Key Points

1. Shiba Inu's burn rate, a deflationary mechanism to reduce token supply, fell to 0% on July 1, 2025.

2. The token's price declined by 3.56% during the same period.

3. Despite the 0% burn rate, 23,767,887 SHIB tokens were removed from circulation.

4. The two largest burn transactions involved 100,000 SHIB and 5,654,684 SHIB, while other transactions were minimal (5 SHIB each).

5. The stagnation in burn activity may be linked to reduced participation or movement in token burns.

Description

Shiba Inu declines 3.56% as burn rate shows no progress

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Shiba Inu