2026-01-04 10:20:12

In the past 24 hours, SHIB's burning activity has exploded, with a burning rate skyrocketing by 10,728%. Over 171.6 million tokens have been sent to the burn address, equivalent to $172 million disappearing from circulation. This move has not been in vain—SHIB's price quickly surged by 7.14%, successfully re-entering the top 35 by market cap.

On the surface, this is a classic supply contraction logic: fewer tokens, demand unchanged, leading to a natural price increase. Especially with multiple large transfers converging on the burn address, it indeed signals to the market that "someone is seriously promoting deflation," which definitely boosts market sentiment.

However, to be honest, 171.6 million tokens against a circulating supply of 585.29 trillion is a relatively small proportion. For sustained price growth, the key is whether this burning mechanism can become a regular practice—single events are often just emotional peaks.

From an on-chain activity perspective, such large-scale burns can indeed rekindle holder engagement, often accompanied by increased interactions and discussion heat. Looking ahead to early 2026, this can be considered a positive market signal.

SHIB0,34%

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AirdropDreamBreaker

· 01-06 20:42

It's another hype around burning topics; this data clearly shows it's just a flash in the pan... 170 million tokens compared to a circulating supply of 585 trillion, it's just a drop in the bucket. Wait, this time the burning is so aggressive, who's behind the manipulation? Feels like the same old tricks are at play again. It's just an emotional pump, don't be fooled by the 7% increase. The real deflation mechanism needs to be a long-term norm... Short-term it attracts attention, but in the long run, fundamentals matter. Hmm, on-chain activity has indeed picked up, this part is somewhat reliable.

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DeFiDoctor

· 01-05 11:33

The surge in the burn rate... clinical records show it's just short-term excitement. 170 million against 585 trillion in circulating supply can't scratch the itch at all. Although the clinical performance looks impressive, don't be fooled by the 7% increase. You need to ask whether this mechanism can operate normally—one-time infusion can't cure chronic conditions.

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LiquidityHunter

· 01-04 10:50

At 3 a.m., I noticed a detail—the 171.6 million tokens burned account for only 0.0029% of the 585.29 trillion. How does this number still seem to increase by 7.14%? The liquidity gap is obvious.

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StableCoinKaren

· 01-04 10:50

Burn rate of 10728% sounds intense, but with a market cap of 585 trillion, it's only a fraction of a percent. This is just SHIB's usual move—creating hype and riding the wave of emotion.

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WhaleWatcher

· 01-04 10:45

Here comes another wave of "burning show" to cut leeks. $172 million sounds impressive, but in the context of over five hundred trillion in circulation, it's just a drop in the bucket. Once the hype from a one-time event fades, there's no momentum left. Let's wait and see if they can sustain it. I believe in the emotional hype, but how long it can last is really questionable.

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LadderToolGuy

· 01-04 10:32

Another wave of coin burning hype. Can the increase from around 7 dollars really be sustained? What really matters is whether it can become normalized; a one-time show-off doesn't mean much. But the on-chain activity has definitely picked up, and short-term emotional trading can still be played. With such a large supply, 170 million is just a drop in the bucket. This round, the top 35 really came back, or is it just a rebound? Let's wait and see.

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ApeEscapeArtist

· 01-04 10:24

It's the same deflationary magic again; SHIB always manages to fool retail investors into a frenzy. It's just a one-time event; the real test is just beginning.

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GasFeeBeggar

· 01-04 10:20

Hmm, it's the same story of supply tightening again, but 170 million tokens out of a circulating supply of 585 billion is really a drop in the ocean. This round of burning is probably just an emotional boost... Wait, why do I feel like I've been cut again?

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