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Shiba Inu burns 11M tokens, signaling network recovery despite price drop in August

Protocol Fundamentals
14 Aug 2026
UToday
View Source
Neutral
Shiba Inu burns 11M tokens, signaling network recovery despite price drop in August

Shiba Inu has burned over 11 million SHIB tokens recently, marking the highest daily burn since late July and indicating renewed network activity after weeks of dormancy. This burn increased the total tokens removed from circulation in the past month to 3.35 billion, potentially tightening supply and supporting future price recovery. However, despite this positive network momentum, SHIB's price remains low, down 5.11% in August, with market sentiment cautious about a near-term rebound.

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