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The SHIB community continues to actively remove meme coins from the Shiba Inu circulating supply. According to data recently shared by tracking platform Shiburn, SHIB burn rate It has fallen sharply in the last 24 hours.
It mirrored SHIB's recent market behavior, which also took the second-largest meme-inspired cryptocurrency into the red on the charts.
SHIB burns deeply red
Modern Update on Shiburn's website It shows that since last morning, thanks to the regular efforts of the SHIB community, another multi-million block of meme coins has been removed from circulation and locked into unspendable blockchain addresses – 8,738,201 SHIB burned in total.
However, the burn rate metric monitored by many within the SHIB community has dropped by more than 72%, putting the burn rate in the red zone.
However, things are looking much better on the weekly burn rate time frame, as a total of 102,867,453 SHIB were sent to blocked wallets over the past seven days. The burn meter here has increased by 164.53%.
2025 has just started with mostly low daily burn rates so far. Several times earlier over the past nine days, SHIB's burn rate had increased by about 1,000% and 2,000%, according to Shibburn data.
SHIB's price fell by 3.35%. This week, SHIB's sequential decline totaled 13%.
Related to
SHIB leader Kusama responded to former Binance CEO CZ
SHIB's mysterious lead developer known to the community under the pseudonym Shytoshi Kusama cited a recent X post by Changpeng Zhao (CZ), co-founder and former head of Binance, in response.
While CZ, a billionaire and well-known cryptocurrency influencer, has stated that it is important to follow the needs of society and “build what people need, not what you think they need,” Kusama believes it is much more important to “build what people need before they know they need it.” "Need it."
Chitoshi believes that people's current needs may change and then "things may change." Adoption, which CZ cited as “the only key metric that matters,” according to Kusama, comes naturally to shift the narrative toward what teams have already built.
"Fortunately, that's exactly what we did," Chitoshi added, inviting CZ to watch what happens to SHIB and Shibarium.
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