Shiba Inu burn rate hits zero as memecoin market slides

Shiba Inu (SHIB) recorded a 100 % drop in its burn rate – zero tokens were burned in the past 24 hours – as the memecoin sector experiences a sharp sell‑off, pushing SHIB down 4.5 % to $0.000006475【2】.

Burn rate collapse and price pressure

Shiba Inu’s on‑chain burn tracker, Shibburn, reported no burn activity for the second time in less than a week, meaning the deflationary mechanism that periodically removes tokens from circulation was inactive【2】. With the circulating supply now steady at 585,423,776,344,682 SHIB, the lack of token removal removes a potential price‑support lever. The token’s price slipped from a daily high of $0.000006809 to a low of $0.000006415, settling at $0.000006475—a 4.51 % decline over the last day【2】.

Market‑wide memecoin weakness

The burn‑rate drop coincided with a broader downturn in the memecoin arena. Dogecoin (DOGE), the sector’s largest cap, fell 6.6 % to $0.2094, while other meme tokens such as PEPE, BONK and FLOKI posted losses ranging from 4 % to 16 %【1】. Trading volume on SHIB rose 11.99 % to $180.43 million, but the surge was dominated by sell orders, underscoring bearish sentiment【2】. Meanwhile, whale activity on the Shiba network spiked 276.92 % to a three‑week high, indicating that large holders remain active despite the price pressure【1】.

Tokenomics context

The zero‑burn episode follows the last burn event 48 hours ago, which destroyed only 777,777 SHIB—insufficient to shift supply dynamics【2】. Analysts note that SHIB’s price has slipped below a critical support level of $0.000006672, a threshold that could trigger further downside if sustained【2】.

What to watch

• Support at $0.000006672 – breach could signal deeper declines.
• Next scheduled burn – any future burn activity (if announced) may affect supply perception.
• Memecoin sector trends – price moves in DOGE, PEPE, BONK and FLOKI often set the tone for SHIB’s short‑term direction.

The zero‑burn rate removes a key deflationary tool just as the memecoin market contracts, leaving SHIB’s price vulnerable to further drops unless new supply‑reduction measures or broader market recovery emerge.