Shiba Inu Burn Rate Surges 1020%, 20.82 Million SHIB Destroyed

U.Today··Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Shiba Inu's token burn rate spiked by over 1,020% in the last 24 hours, with 20.82 million SHIB tokens sent to dead wallets, according to the Shibburn website. The burn mechanism permanently removes tokens from circulation, reducing the total supply. This significant increase in burn activity comes as part of the project's ongoing efforts to decrease supply and potentially boost value.

Impact on assets 1

Others▲ · 1 stocks
Shiba Inu
SHIB-USD
▲ PositiveSupplyrelevance

Burn rate surged 1020%, reducing token supply.

© 2026 MarketIVNews