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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
View Source
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.

More News (SHIB)

Shiba Inu inflows surge 200%, hitting over 1 billion tokens amid stable prices and high exchange activity

Shiba Inu inflows surge 200%, hitting over 1 billion tokens amid stable prices and high exchange activity

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Ethereum nears $3,000 breakout as Shiba Inu liquidity shifts on major exchanges.

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Ethereum eyes $3,000 as Shiba Inu shows unusual netflow shifts on major exchanges.

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Shiba Inu nears breakout as whales hold 94.68% of supply, squeezing price in a triangle pattern.

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Shiba Inu (SHIB) is approaching a significant price breakout as 94.68% of its circulating supply is controlled by just 808 large holders, creating a tight triangle pattern on the price chart. This concentration means a few whales can strongly influen...

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Shiba Inu's 42% on-chain activity rise isn't yet a bullish sign due to weak volume and resistance.

Shiba Inu's 42% on-chain activity rise isn't yet a bullish sign due to weak volume and resistance.

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