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Shiba Inu burns 673 million tokens in 30 days, pace too slow to cut 1% supply for 714 years

Protocol Fundamentals
23 Oct 2026
Tokenpost
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Shiba Inu burns 673 million tokens in 30 days, pace too slow to cut 1% supply for 714 years

Shiba Inu (SHIB) burned 673,379,117 tokens over a 30-day period ending Oct. 23, a rate that would take about 714 years to burn 1% of its circulating supply if it continues. The circulating supply was 585.5 trillion SHIB, with 1% equaling about 5.85 trillion tokens. Daily burns averaged 22.4 million SHIB, with 2.47 million burned in the last 24 hours. So far, 41.08% of the original one quadrillion SHIB tokens have been burned. This slow burn rate highlights the challenge of significantly reducing SHIB supply through token burns alone.

Shiba Inu token burn pace is the subject, with Pluang market data as of Oct 23, 2026 22:21 WIB. For readers following cryptocurrency markets, 36 of 50 major cryptocurrencies rose and 12 fell today on Pluang. Notable movers include BAT at Rp3.136 with a 1-day change of +3.25%, LUNC at Rp0,837 with +2.68%, and BNB at Rp13.518.040 with +2.63%. BAT's Pluang order activity showed 66% Buy, and its typical hold time is 93 days.

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