u.today
Shiba Inu is seeing its first burn rate drop in 2026. According to Shibburn, the Shiba Inu burn rate is down 97.83% in the last 24 hours, marking its first drop in the new year 2026.
The new year kicked off with a surge in Shiba Inu metrics: the burn rate increased by over 12,000%, Shiba Inu's price saw a sharp rise, and open interest rose as much as 20% to outperform most major cryptocurrencies.
The reverse is seen in the last 24 hours, with the Shiba Inu burn rate dropping 97.83%, compared to the prior day when 173,007,224 $SHIB were burned, resulting in a 12,025.45% increase in burn rate.
Despite the drop in the last 24 hours, 3,777,885 $SHIB were burned, according to Shibburn. The amount of $SHIB in the last seven days was higher, resulting in a positive increase in weekly burn rate.
HOURLY $SHIB UPDATE$SHIB Price: $0.00000738 (1hr -0.16% ▼ | 24hr 6.78% ▲ )
— Shibburn (@shibburn) January 2, 2026
Market Cap: $4,348,105,593 (6.74% ▲)
Total Supply: 589,245,844,366,624
TOKENS BURNT
Past hour: 0 (1 transaction)
Past 24Hrs: 3,777,885 (-97.83% ▼)
Past 7 Days: 195,169,543 (533.27% ▲)
According to Shibburn, 193,830,385 $SHIB were burned in the last seven days, representing a 502.42% surge in weekly burn rate.
The recent burns have lowered Shiba Inu's total supply, which is now 589,245,844,288,847 $SHIB.
$SHIB begins 2026 on strong note
Shiba Inu saw a solid start to 2026 as its price saw a sharp increase on 2026's first day. $SHIB's price rose from $0.00000688 to $0.00000751 on Jan. 1, posting a large green candlestick and reversing a three-day drop from a high of $0.00000756 on Dec. 29.
The rise continued early Friday with Shiba Inu reaching $0.00000765, last seen Dec. 17. At the time of writing, $SHIB was up 7.35% to $0.000007523 and 4.51% weekly. In the last 24 hours, Shiba Inu's trading volume was higher 35.17% to $134 million.
The current Shiba Inu setup seems like positioning ahead of the next leg higher. Being the start of a new year, traders seem to be adjusting their positioning, ahead of the next move in the markets.
In this scenario, the next resistance target lies at $0.000008 and $0.0000011, while support remains in the $0.000007 range.
In a year-end letter to the Shiba Inu community, $SHIB developer Kaal Dhairya said the year 2026 "won't be about hype. It will be about repair, focus, and building something that can actually last."