The SHIB community continues its efforts to remove meme tokens from circulation. However, data from the tracking platform Shibburn reveals a dramatic drop in SHIB's burn rate over the past 24 hours, reflecting negatively on the token's price, which remains in the red.

SHIB Burn Rate Drops Significantly

According to recent data from Shibburn, approximately 8,738,201 SHIB were burned in the last 24 hours. These tokens were permanently removed from circulation and locked into inactive blockchain addresses through the community's consistent efforts.

However, the burn rate plummeted by over 72%, pushing it deep into negative territory. On a more positive note, weekly data shows a better picture. Over the last seven days, a total of 102,867,453 SHIB were burned, marking a 164.53% increase compared to the previous week.

Price Reaction: SHIB Drops 3.35%

The year 2025 has started with relatively lower daily burn volumes for SHIB. However, on several occasions in the past nine days, the burn rate surged by over 1,000% and even 2,000% at one point. Despite these fluctuations, SHIB's price dropped by 3.35% in the last 24 hours, with a total decline of 13% over the week.

Shytoshi Kusama Responds to Former Binance Chief’s Remarks

Shytoshi Kusama, SHIB's lead developer, responded to a post by Changpeng Zhao (CZ), Binance's co-founder, on platform X. In his post, CZ emphasized that the priority should be building what the community needs, rather than what creators believe is necessary.

Kusama took a different stance, saying, "It’s more important to build what people need before they even realize they need it." He pointed out that community needs can shift quickly, making it essential to create long-term, impactful products.

Additionally, Kusama highlighted that the teams behind SHIB and Shibarium are already operating under this principle. He invited CZ to follow SHIB’s ongoing developments, which could further strengthen the ecosystem.

Conclusion

While SHIB's burn rate experienced a temporary dip, the community remains steadfast in its efforts to improve tokenomics. Although SHIB's price is showing short-term weakness, the long-term outlook hinges on continued innovation and the ecosystem’s development.

#Shibarium , #SHIB , #Shibburning , #memecoin🚀🚀🚀 , #CryptoNewsCommunity



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