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Shiba Inu burn rate drops to $29 in 24 hours amid key Senate vote on crypto legislation.

Market News
14 Sep 2026
UToday
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Neutral
Shiba Inu burn rate drops to $29 in 24 hours amid key Senate vote on crypto legislation.

In the last 24 hours, only $29 worth of Shiba Inu (SHIB) tokens were burned, marking a 24.95% decrease in the daily burn rate. Major contributors to the burn included Binance, Robinhood, Coinbase, and Uniswap, with millions of SHIB tokens removed from circulation. This slowdown comes ahead of a critical Senate vote on the Clarity Act, a bill that could significantly impact SHIB's regulatory status by establishing a clearer commodity framework. The outcome of this vote may influence SHIB's future listings, custody, and institutional adoption, potentially paving the way for ETFs and broader market acceptance.

As of Sep 14, 2026 22:43 WIB, SHIB trades at Rp0,0927 on Pluang, showing a modest 0.84% gain over the past day. The market cap stands at Rp54,71 trillion with a 24-hour trading volume of Rp918,1 million. Despite the low burn activity reported, SHIB maintains steady trading interest with 69% of orders selling and 31% buying, and typical holders keeping their tokens for about 104 days.

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