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Shiba Inu burn page shows a 657% rise in daily SHIB burn rate as millions of SHIB sent to dead wallets.
15.16 million SHIB tokens have been burned in the last 24 hours, causing an uptick in the daily burn rate. This marked a deviation from that seen at the week's start when Shiba Inu's burn activity flattened.
On September 24, 2026, just 227,777 SHIB were burned; this figure slightly increased on September 25 with 2,184,538 SHIB burned.
Several transactions contributed to the 15.16 million SHIB burn figure in the last 24 hours. In recent hours, a total of 3,887,908 SHIB tokens were burned at once. Another 1,080,682 SHIB tokens were burned in a single transaction, Shibburn reported a few hours back. A total of 10,007,239 SHIB was also sent to dead wallets in a single transaction.
99.16 million SHIB was burned in the last seven days, while 383.92 million SHIB was burned in the last 30 days, with Coinbase being the largest SHIB burner in this timeframe.
A total of 410,844,369,470,023 SHIB has been burned so far, representing 41.08% of Shiba Inu's initial supply of 1 quadrillion tokens.
SHIB price action
At the time of writing, SHIB was up 1.81% in the last 24 hours to $0.000005945 as the broader crypto market rebounded after a selloff at the week's start following hawkish Federal Reserve commentary and stronger-than-expected economic data.
Hawkish comments from Federal Reserve Governor Michael Barr, who said in a speech on Wednesday that "further policy adjustments" can be expected to bring inflation down to target, had impacted the markets.
Investors adjusted expectations amid indications of a potential rate hike in October. The University of Michigan's consumer sentiment index showed that year-ahead inflation expectations leapt to 4.6% in September, rising from 4% in August and marking the highest reading since June.
Shiba Inu recovered from a low of $0.00000554 reached in Wednesday's selloff to reach $0.00000602 early Saturday, marking two straight days of increases.
Dan Burgin
U.Today Editorial Team
