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Shiba Inu decline: 99% fewer tokens burned after market crash!
Shiba Inu saw a drastic decline in burn rate and the market experienced the largest liquidation in history.
Shiba Inu decline: 99% fewer tokens burned after market crash!
On October 11, 2025, a dramatic decline was observed in the cryptocurrency market, marked by an unprecedented liquidation of trading positions. According to reporting by U.Today Positions totaling $19.38 billion were liquidated within 24 hours. This resulted in 1,674,361 traders being affected by the market moves.
Amid these turbulent events, the Shiba Inu (SHIB) burn rate dropped dramatically by 99.29%, with only 69,420 SHIB burned. This development is particularly notable as it coincides with one of the largest declines in the altcoin space, which Coinbase director Conor Grogan described as “the worst altcoin flash crash” he has ever seen.
Liquidations and market development
The liquidations even exceeded the dollar amounts recorded during the FTX collapse in 2022. The largest single liquidation order was an ETH-USDT position worth $203.36 million on the Hyperliquid trading platform. These numbers indicate widespread uncertainty in the market, which has caused distress for many traders.
The critical market development also led to a significant decline in the value of Shiba Inu. The currency fell to a low of $0.0000085, last recorded in January 2024. At the time of last update, SHIB was trading at $0.00001025, down 14.72% in the last 24 hours. Additionally, the weekly decline was 18%.
Shiba Inu’s market status
Currently, Shiba Inu has a market capitalization of $6,046,608,154, a decrease of 15.29%. A total of 49,803,691 SHIB were burned in the last seven days, representing a 28.70% decrease in the weekly burn rate. Despite the difficult market conditions, Shiba Inu trading volume increased by 367% in the last 24 hours, with 74.85 trillion SHIB or $785.54 million traded.
These developments shed light on the fragile conditions under which altcoins like Shiba Inu exist. Traders and investors will continue to pay attention to market developments as uncertainty and volatility continue to dominate.