Shiba Inu Burn Rate Plunges 98% as SHIB Price Loses 20-Day Support
The post Shiba Inu Burn Rate Plunges 98% as SHIB Price Loses 20-Day Support appeared on BitcoinEthereumNews.com. Key Notes SHIB declined 6% over two days, reaching $0.000012 as Ethereum ETFs experienced massive $255 million in sell-offs. Token burn activity collapsed by 98.89% to just 223,914 SHIB destroyed, signaling reduced network participation. Technical analysis shows bearish momentum with SHIB trading below the 20-day moving average at critical support levels. Shiba Inu SHIB $0.000012 24h volatility: 5.2% Market cap: $7.13 B Vol. 24h: $223.28 M price shed another 4% on Tuesday, extending its two-day decline to 6% and falling to $0.000012 for the first time in 13 days. As the largest Ethereum-based memecoin, SHIB’s performance is closely tied to sentiment surrounding Ethereum. The 6% SHIB price drop comes as ETH ETFs entered $255 million in sell-offs, impacting liquidity and weakening sentiment across the broader Ethereum ecosystem. Further emphasizing this bearish narrative, Shiba Inu’s on-chain activity slumped sharply on Tuesday. Official data from the Shibburn analytics tool showed that the burn rate plunged 98.89% in the last 24 hours, with only 223,914 SHIB removed from circulation. Shiba Inu Burn Rate, Aug. 19, 2025 | Source: Shibburn.com Unscheduled token burns occur as part of on-chain transactions and serve to reduce supply over time. Beyond that, they are also viewed as a barometer for tracking economic activity on a blockchain network. The 98% decline in Shiba Inu burn rate signals reduced market participation, suggesting traders are moving to the sidelines amid uncertain conditions. With fewer tokens being destroyed, the deflationary pressure on SHIB weakens, leaving the asset more exposed to risks of further downswings. Shiba Inu Price vs Trading Volume | Source: CoinMarketCap, Aug. 19, 2025 On Tuesday, this lack of activity appeared to reinforce downward pressure, contributing to the intraday losses as SHIB spot trading volumes also fell to $206 million at press time, down 50% from last week’s peaks of…
The post Shiba Inu Burn Rate Plunges 98% as SHIB Price Loses 20-Day Support appeared on BitcoinEthereumNews.com.
Key Notes SHIB declined 6% over two days, reaching $0.000012 as Ethereum ETFs experienced massive $255 million in sell-offs. Token burn activity collapsed by 98.89% to just 223,914 SHIB destroyed, signaling reduced network participation. Technical analysis shows bearish momentum with SHIB trading below the 20-day moving average at critical support levels. Shiba Inu SHIB $0.000012 24h volatility: 5.2% Market cap: $7.13 B Vol. 24h: $223.28 M price shed another 4% on Tuesday, extending its two-day decline to 6% and falling to $0.000012 for the first time in 13 days. As the largest Ethereum-based memecoin, SHIB’s performance is closely tied to sentiment surrounding Ethereum. The 6% SHIB price drop comes as ETH ETFs entered $255 million in sell-offs, impacting liquidity and weakening sentiment across the broader Ethereum ecosystem. Further emphasizing this bearish narrative, Shiba Inu’s on-chain activity slumped sharply on Tuesday. Official data from the Shibburn analytics tool showed that the burn rate plunged 98.89% in the last 24 hours, with only 223,914 SHIB removed from circulation. Shiba Inu Burn Rate, Aug. 19, 2025 | Source: Shibburn.com Unscheduled token burns occur as part of on-chain transactions and serve to reduce supply over time. Beyond that, they are also viewed as a barometer for tracking economic activity on a blockchain network. The 98% decline in Shiba Inu burn rate signals reduced market participation, suggesting traders are moving to the sidelines amid uncertain conditions. With fewer tokens being destroyed, the deflationary pressure on SHIB weakens, leaving the asset more exposed to risks of further downswings. Shiba Inu Price vs Trading Volume | Source: CoinMarketCap, Aug. 19, 2025 On Tuesday, this lack of activity appeared to reinforce downward pressure, contributing to the intraday losses as SHIB spot trading volumes also fell to $206 million at press time, down 50% from last week’s peaks of…
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