SHIB Burn Rate Dips -87% as Price Struggles Continue — But There’s a Catch!

Shiba Inu (SHIB) has seen a significant plunge in a key metric. The latest data shared by Shibburn, the ecosystem’s burn rate tracker, shows a negative U-turn in the burn rate of the meme coin. Additionally, the price of Shiba Inu has continued to struggle, dipping by over 8% since Sunday 14 September. 

However, despite the dip in SHIB burn rate and price, on-chain metrics shows that there is some hope. In particular, Shiba Inu’s exchange reserves have dipped significantly signaling a drop in selling pressure. 

Shiba Inu’s Burn Rate Plunges 

In a post on X earlier today, Shibburn highlighted that the burn rate of Shiba Inu has plunged massively. Over the last 24 hours, the SHIB community has only managed to torch a total of 69,420 tokens. This marks a -57.88% over the last 24 hours. 

On the weekly timeframe, the coins removed from the circulating supply total to 2,741,316 SHIB, marking a -88.77% plunge over the last 7 days. While the numbers seem large, it shows a significant drop in how the community removes coins from circulating supply. 

HOURLY SHIB UPDATE$SHIB Price: $0.00001303 (1hr 0.32% ▲ | 24hr -5.25% ▼ )
Market Cap: $7,680,544,139 (-5.30% ▼)
Total Supply: 589,247,707,706,325

TOKENS BURNT
Past 24Hrs: 69,420 (-57.88% ▼)
Past 7 Days: 2,741,316 (-87.11% ▼)

— Shibburn (@shibburn) September 16, 2025

For Shiba Inu, token burns are significant as they reduce the supply in a bid to boost scarcity which in turn bolsters the price. However, at the moment the community seems to be failing on this crucial mission. 

As per data by Shibburn, the total supply of SHIB constitutes 589,247,707,706,325 tokens. On the other hand, the total number of tokens staked amount to 4,548,845,203,688 Shiba Inu. While the burn rate has dropped significantly, the community has burnt a total of 410,752,292,363,094 SHIB from initial supply. 

SHIB Price Struggles, Dipping Over 8% in 3 Days

Besides the burn rate, the price of SHIB has also been dipping recently. Shiba Inu was initially on a bullish run spanning from September 7 to 13. However, the meme coin faced resistance and has since plunged. As per the daily chart on TradingView, SHIB has plunged by over 8% over the last 3 days, and is currently trading at $0.00001302. 

On the day, the price of Shiba Inu has already broken below the 100-day EMA sitting at $0.00001304. SHIB is also teasing a breach of the 20-day EMA which is currently acting as the immediate support $0.00001301. In case the meme coin falls below this level, the 50-day EMA at $0.00001291 could serve as the next support. 

But, any dip below the 20-day and 50-day EMA could spell more doom for Shiba Inu. In case that happens the meme coin might retrace to levels experienced in late August and early September, whereby SHIB remained range-bound before breakout in the second week of Sep. 

Low Exchange Reserves Offer a Glimpse of Hope

Despite facing a plunge in price and burn rate, the exchange reserves of Shiba Inu show that all hope is not lost. According to data by CryptoQuant, SHIB’s exchange reserves have plunged to 86.10 trillion tokens on the day. 

Normally, a plunge in exchange reserves for an asset shows that selling pressure is easing across the market. For SHIB, the reserves have dipped significantly since January 2025 showing that despite the recent price struggles, investors are still hodling. This shows that investors remain optimistic for the price of SHIB despite the plunge. 

A rally above the 200-day EMA at $0.00001383 could confirm the resurgence of bullish momentum for the meme coin. However, until then, Shiba Inu is currently showing signs of weakness and could remain subdued or range-bound before moving upwards.