Shiba Inu Burn Rate Stuck at Zero for Two Days as SHIB Price Attempts Recovery

• Shiba Inu burn rate remains stuck at zero despite community activity.
• Small SHIB burns recorded while tracker still displays zero level.
• SHIB price rebounds slightly as Bitcoin stabilizes above key support.

Shiba Inu’s burn activity has attracted fresh attention after the network recorded a zero burn rate for two consecutive days. Data from the burn tracking platform Shibburn shows that the burn metric has remained unchanged despite continued community transactions that remove tokens from circulation. According to Shibburn, the daily burn rate indicator has not moved during the last 48 hours. However, the metric does not mean that the network recorded no burn activity. Instead, the number of tokens destroyed remained too small to significantly affect the percentage indicator.

Over the past 24 hours, the community sent 45,106 SHIB tokens to unspendable blockchain addresses. These transactions occurred through two separate transfers. Consequently, those tokens permanently left circulation even though the burn rate still displayed a zero reading. Additionally, the burn tracker displayed a similar result during the previous day. However, that earlier zero value appeared in the red zone. The latest reading appeared in the green zone, reflecting slight changes in the burn metric calculation rather than a major change in activity.

Moreover, earlier burn data highlights how percentage figures can quickly spike from very small baselines. Two days earlier, the burn rate surged by 53,954% within a single day. Despite that large percentage increase, the number of tokens burned remained below one million SHIB.

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SHIB Price Attempts Recovery as Bitcoin Holds Above $70,000

Meanwhile, Shiba Inu’s price has shown signs of recovery after recent volatility across the cryptocurrency market. Over the past 24 hours, SHIB recorded a gain of about 2.53% before experiencing a minor pullback. The token briefly climbed to approximately $0.0000561 during the rebound. This recovery followed a decline of nearly 7% that occurred one day earlier.

Additionally, Shiba Inu continues moving closely with Bitcoin’s broader market direction. When Bitcoin rises, several altcoins often follow similar movements. Bitcoin recently climbed to around $74,000 before retreating toward the $70,455 level. Market sentiment shifted as traders reacted to geopolitical developments involving the United States and the Middle East.

Consequently, reports suggesting a possible easing of tensions briefly lifted market sentiment. However, Bitcoin later pulled back while still holding above the psychological $70,000 level. Shiba Inu’s burn rate remaining at zero for two consecutive days highlights the relatively small scale of recent token destruction. However, community burn transactions continue removing tokens from circulation. Meanwhile, SHIB’s price performance remains closely tied to Bitcoin’s broader market movements as the asset attempts a gradual recovery.

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