Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Instagram Outage Disrupts Thousands of U.S. Users 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
 Burn Rate Spikes 8,193%, Price Sees Quick Uptick Despite Bearish Market - EconoTimes)
The Shiba Inu (SHIB) ecosystem witnessed an 8,193% surge in its burn rate, temporarily lifting the price before broader market pressures caused a dip. Investors are watching closely for further signs of a deflationary impact.
SHIB Burn Rate Skyrockets by 8,193%
With widespread cryptocurrency volatility continuing over the past day, the Shiba Inu (SHIB) ecosystem has seen a surge in activity.
There has been a meteoric rise in the burn rate, a crucial indicator of SHIB's deflationary mechanism. As the network attempts to regain its footing after the recent price drop, this index has reportedly soared by an enormous 8,193%, according to Shibburn.
The circulating supply was depleted by 3,106,197 SHIB due to this spike. As stated by U.Today, the burning exercise resulted in eight transactions that moved tokens to wallets that are no longer active. One million tokens were burned in a single batch in the latest documented transaction.
SHIB Price Rises Briefly Before Falling Again
While the burn was being done in the early hours of Tuesday, the Shiba Inu price briefly rose. The early afternoon saw a short dip in the price of SHIB, which had previously peaked at $0.00001367. In contrast, the meme currency with a canine motif saw a price recovery to $0.00001359 by nightfall.
Regrettably, the clawback was short-lived and subsequently declined.
According to data from the Coinmarket, the Shiba Inu was worth $0.00001324. The open market's comparatively declining demand caused its market volume to decreaseby 20.54% to $135.49 million.
SHIB Burn Has a Positive Effect Despite Low Price
The present cheap price of SHIB indicates that the ecosystem's massive fire action had a beneficial effect. The chain may be impacted by other market conditions, though, given the absence of consistent price performance.
Bearish sentiment in the cryptocurrency market as a whole may be to blame for Shiba Inu's price decline, according to some experts.
In order to gauge whether the deflationary burn mechanism could expedite Shiba Inu's ascent, investors have been keeping an eye on its resistance levels. But this has not held up every time the price has gone up.
