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39.23 million SHIB tokens burned, boosting Shiba Inu's burn rate and reducing supply.

Protocol Fundamentals
23 Aug 2026
UToday
View Source
Bullish
pluang ai news

In the last 24 hours, 39.23 million Shiba Inu (SHIB) tokens were sent to dead wallets, effectively removing them from circulation and increasing the token's burn rate by over 88%. Over the past week, 192.84 million SHIB were burned, though the weekly burn rate declined by nearly 39%. This ongoing token burn helps reduce the circulating supply, potentially supporting SHIB's price. Recently, SHIB also saw a strong price rally, rising over 26% amid broader crypto market gains and new exchange listings, indicating growing investor interest.

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