Shiba Inu’s Burn Rate Blazes 3,620%… But Where’s the Magic? 🐕🔥

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In the last 24 hours, Shiba Inu has experienced a burn rate that blazes 3,620%… but it’s as if the fire has been doused by a mischievous squirrel 🐿️. However, despite this four-figure burn rate surge, less than one million tokens were burned-like trying to light a campfire with a single matchstick 🪫.

According to Shibburn, in the last 24 hours, 715,893 SHIB tokens were burned, a significantly smaller amount compared to the days when millions of SHIB tokens were burned. Oh, how the mighty have fallen! 🤔

The 3,620.28% surge in burn rate comes as just 19,243 SHIB tokens were burned the day before the last, causing the Shiba Inu burn rate to crash to 0%-a dramatic twist worthy of a Roald Dahl tale 📖.

HOURLY SHIB UPDATE$SHIB Price: $0.00000781 (1hr -0.10% ▼ | 24hr 0.35% ▲ )
Market Cap: $4,600,890,031 (0.35% ▲)
Total Supply: 589,246,091,967,744

TOKENS BURNT
Past 24Hrs: 715,893 (3620.28% ▲)
Past 7 Days: 2,219,196 (-97.06% ▼)

– Shibburn (@shibburn) December 17, 2025

In the last seven days, 2,219,196 SHIB tokens were burned, a drop from that seen in past weeks, with the weekly burn dropping 97.06% as a result. A 97% drop? That’s like losing your favorite toy and finding a rubber chicken instead 🦆.

The burns in the last seven days have contributed to a mild reduction in Shiba Inu’s total supply, which is now 589,246,091,967,744 SHIB-so many zeros, it’s like counting the number of ways to lose your mind 🤯.

Shiba Inu traded quietly after the Federal Reserve delivered a widely anticipated rate cut last week, holding key support as traders assessed what comes next. The Fed’s moves are as predictable as a clockwork mouse 🕰️.

Shiba Inu price action

At press time, SHIB was trading down 1.31% in the last 24 hours, in line with the broader crypto market drop, as investors weighed economic data released this week. The market’s mood? About as cheerful as a rainy day with no umbrella ☔.

The crypto market edged downward after delayed jobs figures showed a net loss over the past two months. Oh, the drama! 🎭

Market odds of an interest rate cut next month remained the same after the latest jobs figures, showing little chance of another reduction. Fed funds futures traders see a 24% chance of a rate cut in January-like a 24% chance of finding a golden ticket in a chocolate bar 🍫.

On the economic front, Federal Reserve Governor Christopher Waller and New York Fed President John Williams are slated to speak on Wednesday morning. Will they bring good news or more confusion? Only the cookies know 🍪.

Traders are also looking ahead to Thursday’s release of the consumer price index reading for November. A CPI report? More like a mystery novel with a twist ending 📖.

Shiba Inu has steadily declined from a high of $0.000009 on Dec. 9, with seven out of eight days of losses since this date, today included. A breach of the $0.00009 level might cause SHIB to target $0.00001 and $0.000011, allowing SHIB to erase a zero from its price. Support is envisaged in the $0.000007 range if the price declines further. But will it? Only the wind knows 🌬️.

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2025-12-17 16:26