Shiba Inu’s Burn Rate Soars-But Will December Save It? 🐕🔥

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According to Shibburn, over 35 million SHIB were burned in the last 24 hours, contributing to an increase in burn rate. 🐕🔥 Because nothing says “I love you” like a permanent ban from the blockchain.

A total of 35,386,697 SHIB were burned in the past day, representing a 1,726.32% rise in daily burn rate. The amount of 116,664,862 SHIB were burned in the last seven days, marking a 148.46% increase in weekly burn rate. 📈 The more you burn, the more you… well, you burn. It’s a vicious cycle, darling.

The significant amount of SHIB sent to dead wallets has contributed to a drop in Shiba Inu‘s total supply, which is now 589,246,171,323,119 SHIB. 💸 A number so large, even the developers need a calculator and a therapist.

HOURLY SHIB UPDATE$SHIB Price: $0.00000799 (1hr 0.07% ▲ | 24hr 0.29% ▲ )
Market Cap: $4,705,608,584 (0.29% ▲)
Total Supply: 589,246,171,323,119

TOKENS BURNT
Past 24Hrs: 35,386,697 (1726.32% ▲)
Past 7 Days: 116,664,862 (148.46% ▲)

– Shibburn (@shibburn) December 2, 2025

Meanwhile, the Shiba Inu price stays in the red, down 1.34% in the last 24 hours to $0.000007917 as major cryptocurrencies began December on a negative note. 📉 Because December is a cruel mistress, and crypto is her favorite victim.

December presents mixed signals

Shiba Inu has mostly had red Decembers, with the exception of December 2023 when it rose 24.73%; it declined 29.68% in December 2021, fell 13.69% in December 2022 and dropped 20.98% in December 2024. 🐕 A history as reliable as a broken clock-except the clock is also broken.

The Shiba Inu price closed its first red October since its inception, flipping an age-long historical narrative. While Shiba Inu has mostly had red Decembers, the historical trend flip might support a green December this time. 🌱 Fingers crossed, but don’t hold your breath.

Shiba Inu closed November lower by 16.67%, marking its fourth consecutive red month since July, expectations remain for a relief rally in December. 🎉 Because nothing says “relief” like a 16.67% drop.

Potential scenarios

Technical and historical trends suggest that Shiba Inu saw a sharp sudden rally after a prolonged period of decline, March 2024 for instance, when it rose 144%. 📈 A burst of optimism that lasted longer than a Trump tweet.

However, momentum indicators show a neutral-to-bearish tilt, with declining rally strength into overhead resistance. Yet the lack of follow-through selling beneath $0.00000785 suggests bears may be losing momentum. This hints at two potential scenarios: if the Shiba Inu price returns to $0.0000091 and $0.0000094, a retest of the $0.00000119 level might be next, erasing a zero from the Shiba Inu price. 🚫 Because nothing says “excitement” like a decimal point.

A reclamation of the $0.000009 range might trigger bullish return, while a loss of the $0.00000785 support might begin a move toward the $0.000006. 📉 A race to the bottom, or a cliffhanger? Only time will tell.

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2025-12-02 16:40