The price of Shiba Inu continues to fall, despite the meme token's burn rate increasing by over 1200% in the past 24 hours. In just 24 hours, approximately 1.75 million meme coins have been destroyed.
To date, 410.75 trillion SHIB have been permanently destroyed through the burn. The current total supply is approximately 589.25 trillion. The circulating supply remains high at 585.41 trillion. Additionally, 3.83 trillion SHIB remain staked as xSHIB, limiting immediate liquidity.
Despite the increasing burn rate and maintaining a long-term deficit, the Shiba Inu price remains dependent on the strength of demand.
Open interest has recently stabilized at a lower level than in previous periods. Fund inflows remain small and short-lived. Since October, selling pressure has appeared controlled rather than panicky. However, persistent negative net inflows at the end of January indicate a weak demand recovery.
Technically, SHIB is compressed within a descending range, reflecting a balance between cautious buyers and persistent sellers. This structure often precedes increased volatility, especially when liquidity returns.
The outlook for Shiba Inu in February depends on whether buyers can continue to defend the base at $0.00000760, building momentum toward resistance levels of $0.00000782–$0.00000826. However, if the price fails to hold at $0.00000750, this will weaken the structure and shift focus to deeper support levels.