Shiba Inu Token Burn Hits Zero in Rare 24-Hour Pause

An Unexpected Quiet Day for Shiba InuSHIB+4.96% Token Burns

Imagine running a continuous recycling engine that suddenly comes to a complete standstill for a full day. That is essentially what happened to Shiba Inu's token-burning process recently.

According to data from tracking website Shibburn, exactly $0 worth of SHIB tokens were burned over a 24-hour window. This rare lull caused the daily Shiba Inu burn rate to plunge by 100%.

A Sharp Contrast From Previous Days

This sudden halt stands out even more when compared to the day right before it. Just 24 hours earlier, community activity was buzzing, with 91,120,170 SHIB burned and the burn rate skyrocketing by 182,140%.

Does a zero-burn day mean there is a technical problem with the Shiba Inu network? Not at all. Token burning relies on voluntary community transfers and regular transaction fees. When overall activity slows down, the burn rate can naturally drop to zero without indicating any technical glitche.

Looking at the Long-Term Burn Numbers

Even with this brief pause, the long-term trend of destroying SHIB tokens remains active. Here is a breakdown of how much supply has been destroyed over recent timeframes:

• Over the last 7 days: 401.30 million SHIB tokens were sent to dead wallets.
• Over the last 30 days: A total of 707.51 million SHIB tokens were removed from supply.
• All-time total burned: 410,844,855,570,460 SHIB tokens have been permanently destroyed.

To put that into context, roughly 41.08% of Shiba Inu's original starting supply of 1 quadrillion tokens has now been removed from circulation.

Shiba Inu Price Action and Technical Levels

Alongside the quiet burn activity, SHIB's price slid 0.89% over 24 hours to around $0.00000536. During this period, the token touched a low of $0.000005099, marking its fourth consecutive day of decline after reaching a peak of $0.000006 on October 5.

On technical charts, SHIB slipped below its 50-day moving average and briefly dipped beneath its 200-day moving average before managing to rebound back above it.

Past performance of digital assets is no guarantee of future returns or price movements.

Broader Market Downturn and Macro Pressures

Shiba Inu was not the only token experiencing downward pressure. The wider cryptocurrency market faced a broader sell-off after minutes from the latest Federal Reserve meeting revealed that officials still expect another interest rate hike before the end of the year.

This macroeconomic uncertainty triggered widespread liquidations across exchanges. Data from CoinGlass revealed that total crypto market liquidations surged to $969 million in a single 24-hour window.

High Open Interest and Deleveraging Risks

On-chain analytics platform Glassnode noted that many large-cap altcoins still carry substantial leverage. Open interest remains noticeably higher relative to market cap compared to standard historical levels over the past year.

When trading positions remain open while prices fall, the risk of forced liquidations increases. Traders and investors should keep in mind that crypto markets remain highly volatile, and price swings can happen rapidly depending on market conditions.