- Shiba Inu burn rate surges sharply as Thanksgiving trading remains calm.
- Rising SHIB token burns contrast with persistent price stagnation this week.
- December outlook strengthens as Coinbase prepares new futures for SHIB.
Shiba Inu recorded a major rise in token burns as the market moved toward December with limited price momentum. According to Shibburn, 61,833,188 SHIB were burned in the past 24 hours, driving the daily burn rate up 676.38%.
Additionally, weekly burns climbed to 114,424,622 SHIB, marking a 155.66% increase over seven days. This surge arrived while SHIB traded with little movement, gaining 0.45% in the last day to hold near $0.000008582.
SHIB also recorded a 0.47% decline across the week as traders navigated a quiet market. December has generally delivered mild price reactions for major cryptocurrencies, and Bitcoin has averaged a 1.5% return on similar seasonal periods since 2013, with only four negative sessions during comparable time frames.
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Burn Momentum Builds Despite SHIB Extending Monthly Losses
Moreover, Shiba Inu began the week with a brief rally that brought three straight positive sessions from November 23 to November 25. SHIB rose from $0.00000756 on November 22 to $0.0000089 on November 25 before the uptrend faded.
However, midweek losses followed a recurring pattern in which crypto assets soften before stronger liquidity phases in early December. These sessions have historically delivered slightly positive movement, although this year’s broader trend has weighed heavily on SHIB’s performance.
Furthermore, Shiba Inu continued its downward trajectory this quarter, even though Q4 is usually its strongest period. SHIB has now extended its monthly losses for four straight months since July. The token is down 14.47% in November after closing October in the red for the first time in its history.
Consequently, attention is shifting to December as Coinbase prepares to introduce U.S. perpetual style futures along with 24-hour monthly futures trading. SHIB would need an advance of roughly 65% from current levels to secure a positive finish for 2025.
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