The Shiba Inu burn rate soars 505% on Christmas while the SHIB price remains flat

2025-12-26 01:27:28

Source: Yellow Original Title: Shiba Inu Burn Rate Surges 505% on Christmas While SHIB Price Remains Flat

Original Link: The Shiba Inu (SHIB) burn rate surged 505% on Christmas Day, but the meme coin’s price stayed flat as traders wondered whether the spike represented genuine momentum or just a holiday anomaly.

The burn tracker recorded 5,984,918 SHIB tokens removed from circulation within 24 hours.

SHIB traded near $0.00000719 on December 25 and closed the session slightly lower.

The token did not show a significant price response to the increase in burn rate.

What happened

The 505% jump in burn rate seems dramatic in percentage terms but represents a modest amount in absolute terms.

CoinGlass data shows that the total burned supply stands at 410.75 trillion SHIB out of an initial maximum supply of 999.98 trillion tokens.

The circulating supply is currently 585.28 trillion SHIB, with another 3.97 trillion locked as xSHIB.

Burn rate percentages compare activity across previous windows; this means a larger batch on a very low base can generate eye-catching headlines.

The Christmas peak follows a much larger burn event on December 19, when the rate skyrocketed 3,915,071% after 21.6 million SHIB tokens were sent to dead wallets.

That previous spike also failed to move prices.

SHIB has fallen 1.5% in 24 hours despite recent burn activity.

Why it matters

The disconnect between burn metrics and price action highlights a fundamental challenge for SHIB holders.

Traditional supply reduction theory suggests that a lower supply should push prices higher if demand remains constant.

SHIB has not followed this pattern despite consistent burn activity.

Holiday calendar irregularities may explain some reporting anomalies.

Community-driven tokens can show delayed or batch burn reports, creating statistical anomalies on low-trading days.

The key metric moving forward will be sustained burn activity rather than one-day spikes.

If daily burn figures stay high and price declines halt, burns could become a significant market catalyst.

If burns return to normal levels, the 505% holiday spike will remain just a festive oddity without lasting price impact.

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