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Shiba Inu burn activity spikes 1,307%, destroying 46.25M tokens in 24 hours

Protocol Fundamentals
08 Sep 2026
UToday
View Source
Neutral
Shiba Inu burn activity spikes 1,307%, destroying 46.25M tokens in 24 hours

Shiba Inu experienced a massive 1,307% surge in burn activity over the past 24 hours, with 46.25 million SHIB tokens permanently removed from circulation. This burn event has tightened the token's supply, potentially boosting demand and scarcity, although it has not yet influenced the price, which remains slightly above $0.0000052. The weekly burn volume now exceeds 126 million SHIB, signaling strong network activity but not directly driving price gains. Investors should watch if continued burns impact future price movements.

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