SHIB Price on a Free Fall After Fewer Tokens Burnt

TheNewsCryptoPublished on 2026-01-08Last updated on 2026-01-08

Abstract

SHIB price has declined by nearly 4% in 24 hours, dropping to $0.000008672, with trading volume also falling over 36%. This decline follows a significant reduction in the SHIB token burn rate—down 12.73% in a day and 82.12% over the past week. Despite recent bearish sentiment and high volatility, SHIB is predicted to rebound in the next three months with an estimated surge of over 14%, potentially reaching between $0.000009870 and $0.000009978. The token recently broke above key support and may be positioned for a future bull run, though market conditions remain uncertain.

SHIB price has declined significantly over the last 24 hours. A movement on the chart happened after Shiba Inu reportedly burned fewer tokens during the same timeline and over the last 7 days. Nevertheless, SHIB is expected to reverse the pattern in the next 3 months with an estimated surge of over 14%.

Fall in SHIB Price

SHIB price has fallen by 3.96% over the last 24 hours, taking it to $0.000008672 at the time of writing this article. Even the 24-hour trading volume has dipped by 36.58% to approximately $132.39 million. Shiba Inu, with this, has now noted a 1-day red trade with a variable plunge.

This comes hours after it was reported that Shiba Inu has broken higher from weekly support. SHIB reportedly bounced from $0.0000068 with a 32% jump at that moment. The low margin was noted on December 31, 2025; however, the rebound since then has set up the foundation for a bull run in the future.

Fewer SHIB Tokens Burned

It was last reported that only 1,319,354 tokens were burnt in 24 hours, down by 12.73%. SHIB, in the last 7 days, has seen a reduction of 34,819,938, down by 82.12%. The total supply now stands at 589.5 trillion, with the market cap of over $5.11 billion when this piece is being drafted.

A reduction in the burn rate could be a reflection of the fact that Shiba Inu dropped a zero after 56 days. This took the trading value to $0.00001 after there was a buying pressure which pushed its price above the 100-day EMA. SHIB price eventually reversed the movement on the chart to add the zero back to its value.

SHIB in Early 2026

The token is now anticipated to surge between 15.52% and 14.27% in the next 3 months. This translates to $0.000009978 and $0.000009870, respectively. Both values are applicable for a time window of 1 month and 3 months, applicable in the same order. Volatility around the token is high at 8.39% with overall bearish sentiments evident from the FGI rating of 28 points.

The short-term SHIB price prediction is bullish. Chances are, it could culminate into long-term optimism by sustaining the current scenario. Needless to say, tariff threats could add more dynamism and volatility to the global crypto market.

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