- SHIB burn activity slows sharply while price action shows renewed trader interest
- Rising trading volume contrasts with declining burn rate as 2026 begins
- Shiba Inu supply shrinks weekly despite sudden drop in daily burns
Shiba Inu entered 2026 with sharply contrasting signals that quickly caught the attention of traders and on-chain analysts. According to Shibburn, SHIB’s burn rate declined by 97.83% over the last 24 hours. This development marked the first burn rate drop recorded since the beginning of the new year. The decline followed an aggressive surge that had briefly fueled optimism across the Shiba Inu ecosystem.
Earlier activity showed more than 173,000,000 SHIB burned within a single day, triggering a burn rate increase exceeding 12,000%. However, momentum faded quickly as burn activity slowed significantly during the following session. Over the most recent 24-hour period, only 3,777,885 SHIB were permanently removed from circulation. Consequently, daily burn metrics shifted from expansion to contraction, creating uncertainty around short-term supply pressure.
Also Read: Ethereum Sees 2,523% Futures Inflow Surge as Price Holds Firm Near $3,000
Weekly burn data maintains a stronger underlying trend
Despite the sharp daily decline, broader burn statistics offered a more balanced perspective on token destruction activity. According to Shibburn, 193,830,385 SHIB were burned over the last seven days. This weekly total represented a 502.42% increase in burn rate compared with the previous period. As a result, Shiba Inu’s circulating supply continued to decline steadily.
Current data places the total SHIB supply at 589,245,844,288,847 tokens. Hence, longer-term supply reduction efforts remained intact despite daily volatility in burn figures. The contrast between daily and weekly metrics highlighted uneven participation in burn-related activity. Market observers noted that large burns appeared less consistent during the latest trading session.
Price and volume trends point to active market positioning
While burn activity cooled, SHIB’s price performance suggested renewed trader interest. The token posted a strong rebound as the new year began, reversing earlier downside pressure. SHIB advanced from $0.00000688 to $0.00000751, forming a clear bullish move. Moreover, upward momentum continued briefly, pushing the price toward $0.00000765 during subsequent trading.
At the time of reporting, SHIB traded near $0.000007523, reflecting a 7.35% daily increase. Weekly performance also remained positive, with gains totaling 4.51%. Trading volume added another layer of complexity to the market picture. Over the past 24 hours, SHIB volume increased by 35.17% to $134,000,000.
This rise indicated heightened trading activity despite the slowdown in burn execution. Consequently, traders appeared active but selective in their positioning decisions. From a technical standpoint, resistance remains near $0.000008 and $0.000011. Support continues to form around the $0.000007 region, where buying interest previously emerged.
Messaging from within the ecosystem also shaped sentiment. SHIB developer Kaal Dhairya reiterated a focus on rebuilding and long-term sustainability rather than speculative momentum. Taken together, SHIB’s early 2026 performance reflected mixed signals across key indicators. Burn rates weakened sharply, while price strength and rising volume suggested cautious market engagement.
Also Read: Iran Signals Willingness to Accept Crypto Payments for Missiles and Warships
