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Shiba Inu's SHIB burn rate drops 74%, with only $13 worth burned in 24 hours amid market sell-off.

Protocol Fundamentals
22 Jun 2026
UToday
View Source
Bearish
pluang ai news

Shiba Inu's SHIB burn rate has sharply declined by 74%, with just $13 worth of SHIB tokens burned in the past 24 hours, down from nearly 8.8 million SHIB burned on June 20. This decrease reflects broader crypto market weakness and selling pressure, which also caused SHIB's price to fall for six consecutive days, erasing mid-June gains. Despite a slight rebound, SHIB remains range-bound and investors await key economic data, including the upcoming inflation report, which could influence Federal Reserve interest rate decisions and market direction.

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