Shiba Inu token destruction has seen a burn rate increase of 449.66% over the past week. According to Siburn, a total of 71,297,136 SHIB were burned in the past seven days, resulting in a 449.66% increase in the weekly burn rate.
Over the last 24 hours, we observe a decrease in daily burn rates and the story changes. Only 1,512,538 SHIB were burned in the past day, a decrease in daily burn rate of 73.47%.
Hourly SHIB UPDATE$SHIB Price: $0.00001267 (1 hour 0.10% ▲ | 24 hours 0.86% ▲ )
Market capitalization: $7,467,145,985 (0.86%▲)
Total supply: 589,247,586,122,292token burnt
Last hour: 125 (1 transaction)
Last 24 hours: 1,512,538 (-73.47% ▼)
Last 7 days: 71,297,136 (449.66% ▲)— Shibburn (@shibburn) October 5, 2025
The number of burns has decreased, with only 125 SHIB burnt in the last hour, reflecting burn sentiment over the past day.
However, the overall market was mostly trading in the green as Bitcoin continued to hit new all-time highs above $125,000. Shiba Inu prices also remained in the green, extending the rebound from the September closing price.
Shiba Inu price action
Shiba Inu rose significantly on Sunday as Bitcoin hit a new all-time high and other cryptocurrencies also rose. The Shiba Inu soared from a low of $0.00001231 to a high of $0.00001297. At the time of writing, SHIB had risen 2.35% to $0.00001274 in the past 24 hours and was up 8.4% for the week.
A broader rise in risks surrounding the recent government shutdown has buoyed the crypto market. October is generally seen as a positive month for the market, with what is known in crypto-speak as an “uptober” adding to the bullish mood.
The immediate resistance level for Shiba Inu is the daily SMA 200 at $0.00001294. Shiba Inu came close to this level in Friday’s and today’s sessions, but was unable to surpass it.
If the price breaks above this level, Shiba Inu’s short selling price action will be a focus. On the other hand, support was expected at $0.0000122 and then $0.0000115, and Shiba Inu’s price decline stopped in late September.