SHIB Burn Rate Collapse Fails to Deter Price Gains and Rising Trading Volume

The Shiba Inu burn rate plummeted by 91% within a day, falling from nearly 3.9 million tokens to about 338,000. Despite this dramatic collapse, SHIB gained 11% over the past month and remains up in price despite recent weakness.

Rising trading activity continues to support bullish sentiment, with daily trading volume increasing by almost 11%. The cumulative impact of token removals is substantial, with more than 410 trillion SHIB now permanently removed from circulation. This accounts for roughly 41% of the total supply, which can strengthen scarcity over time and potentially boost future value.

Market capitalization climbed to around $3.34 billion, suggesting continued interest from traders and investors. Finbold's AI-powered forecasting tool projects SHIB could reach $0.000006525 by October 1, 2026, representing further upside from current levels.