Introduction:
The Shiba Inu (SHIB) community has been working hard to reduce the circulating supply of their beloved meme coin. However, recent data from the Shibburn tracking platform reveals that the burn rate has taken a sharp downturn over the past 24 hours, mirroring a slump in SHIB’s price.
A Sharp Drop in the Daily Burn Rate
As of the latest update, the SHIB burn rate has dropped by more than 72% in just one day. This decline aligns with the recent market behavior, which has sent SHIB’s price into a downward spiral. Nevertheless, the SHIB community’s commitment to burning tokens has not wavered.
According to Shibburn’s recent data, another batch of SHIB tokens—8,738,201 in total—was successfully removed from circulation. These tokens were sent to unspendable blockchain addresses, effectively locking them away for good.
Positive Signs in the Weekly Burn Rate
While the daily burn rate has seen a significant dip, the longer-term trends are more promising. Over the past week, a total of 102,867,453 SHIB tokens were burned, which marks a significant 164.53% increase compared to the previous week. This surge indicates that the community is still actively working to reduce SHIB’s supply, despite the recent setbacks.
The beginning of 2025 has been marked by fluctuating burn rates, with several instances over the past nine days where the daily burn rate spiked dramatically, even reaching increases of 1,000% to 2,000%, as reported by Shibburn.
SHIB Price Struggles
Unfortunately, SHIB’s price has not been as resilient as the community’s burning efforts. In the last 24 hours, SHIB’s value has dropped by 3.35%, contributing to a total decline of 13% over the course of the past week.
Shytoshi Kusama’s Vision for SHIB’s Future
In response to a recent post by Changpeng Zhao (CZ), the co-founder and former CEO of Binance, Shytoshi Kusama, the anonymous lead developer of the SHIB ecosystem, shared his thoughts on the importance of adoption and development.
CZ emphasized the need to build according to the community’s current needs. He stressed that creators should focus on what people need now, not what they think people might want in the future. Kusama, however, offered a different perspective. He believes that true innovation lies in building what people will need before they even realize it.
Adoption, Kusama argues, is not something that can be forced—it happens when projects meet emerging needs. He also noted that Shiba Inu is already on the path toward this vision. “Luckily, this is exactly what we have done,” Kusama stated, inviting CZ to observe the exciting developments happening within the SHIB ecosystem, particularly with Shibarium.
Final Thoughts
Despite the recent challenges, the SHIB community remains dedicated to reducing the circulating supply and building for the future. With positive weekly burn numbers and a strong vision for the ecosystem, there’s still hope for Shiba Inu to bounce back in 2025. Only time will tell if these efforts lead to greater adoption and growth in the long run.
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