Shiba Inu Burn Spikes 38,043% as 7.2M SHIB Removed — Price Edges Up

Published: 2026-01-10 22:05:30 |

Shiba Inu (SHIB) saw a sharp spike in token burn activity on January 10, 2026, when on-chain tracker Shibburn recorded roughly 7.2 million SHIB removed from circulation within 24 hours — a 38,043% increase versus the prior day. The burn raised attention because it breaks a recent streak of minimal or negative burn days and reduced the circulating supply to about 589,245,806,058,242 SHIB. On the same day SHIB’s price ticked higher (roughly +0.8%), moving from red into slight green territory around $0.0000087. Traders should note the unusually large daily burn and the percentage spike as potential supply-side catalysts; historically, elevated burns have sometimes coincided with price rallies, though past performance is not predictive. Key on-chain metrics to monitor include ongoing burn volumes, net token flows, transaction activity, and broader market conditions — these will determine whether the burn-driven momentum persists and supports a larger breakout or remains a short-lived sentiment move.

Bullish

The burn spike is a supply-side catalyst that can be bullish for SHIB because it marginally reduces available supply and signals renewed community or programmatic engagement. The immediate price response was modest (+~0.8%), suggesting the market acknowledged the event but demand has not yet overwhelmingly followed. In the short term, this news can support momentum trades — traders may see intraday or multi-day buy opportunities if burn volumes continue or on-chain demand increases. For longer-term impact, sustained, recurring burns or structural supply reductions would be required to materially change fundamentals and support a durable rally. Risk factors include low absolute burn magnitude relative to total supply (7.2M vs ~5.89e14 circulating), broader market weakness, and the possibility that the spike is a one-off community action. Monitor continued burn activity, exchange flow, active addresses, and macro crypto trends to confirm a lasting bullish shift.