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Shiba Inu’s circulating supply continues to deflate as network activity remains strong alongside rising burn activity. Although SHIB’s price is currently trading sideways with little to no major increase over the last day, the token’s on-chain activity suggests momentum may be building.
Blockchain tracker Shibburn data shows that a total of 15,509,996 SHIB has been removed from circulation as of Saturday, April 11. This follows a steady increase in burn activity, reflecting the ongoing operation of Shiba Inu’s deflationary mechanism.
While SHIB has not yet shown a major rebound in trading price, the same data indicates that the amount of SHIB torched over the period is worth about $91 per SHIB’s price at the time. The burn activity is designed to reduce circulating supply by creating scarcity, which can support demand and potentially contribute to future price strength.
Shibburn also identified some of the largest burn transactions executed over the last 30 days. A wallet associated with Robinhood ranks among the top 10 SHIB burners over that period.
With circulating supply shrinking through continued burns, the network activity points to sustained engagement around SHIB. Even as the token’s price remains largely flat in the short term, the ongoing deflationary activity is positioned to reinforce scarcity dynamics that may support a subsequent move higher if demand continues.

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