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Shiba Inu burn rate surges 439% with over 10 million SHIB tokens burned in 24 hours

Protocol Fundamentals
09 Aug 2026
UToday
View Source
Neutral
pluang ai news

Shiba Inu (SHIB) experienced a significant surge in its token burn rate, increasing by 439.79% with over 10.6 million SHIB tokens burned in the last 24 hours. This sharp rise contributed to a total of 173.37 million tokens burned over the past week and more than 3.36 billion in the last 30 days. The cumulative burned SHIB tokens now exceed 410 trillion, reflecting ongoing efforts to reduce supply and potentially support token value. Despite the burn activity, SHIB's price fell by 1.26% in the last day and 7.38% over the week, amid broader market conditions including regulatory uncertainty and macroeconomic factors.

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