Shiba Inu Burn Activity Remains Ongoing Amid Huge Supply

Shiba Inu's (SHIB) burn activity remains ongoing, but its recent numbers are relatively small compared to the token's massive supply. According to Shibburn, over 410.84 trillion SHIB have been burned overall, while approximately 585.47 trillion remain in circulation. This indicates that burns alone may not have a significant impact on the token's supply.

Recent data from September shows an uneven pace of burn activity. Shibburn recorded around 95.27 million SHIB burned over seven days and 380 million over 30 days. While individual days can still see larger burns, the overall pace varies sharply from one period to another.

The token's huge supply remains a critical factor for its price. With around 585 trillion SHIB in circulation, even large-looking individual burns represent only a small share of the available supply. This makes it difficult for burns alone to create a major price move unless the reduction becomes much larger and more consistent.