A large burn of Shiba Inu (SHIB) tokens was recorded, with nearly 298 million SHIB sent to burn addresses in one transfer on October 5. Over the past seven days, a total of approximately 394 million SHIB tokens were burned, and about 667 million over 30 days. Token burns reduce the circulating supply, which can impact price and demand, but the burn data alone does not confirm any price or demand changes for SHIB.
The Shiba Inu token burn activity is noted here as market context. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 06, 2026 17:44 WIB: out of 50 major cryptocurrencies, 15 rose and 33 fell. EOS rose 8.13% to Rp12.649 with a typical hold time of 87 days, ONE fell 4.84% to Rp41 with 66% buy order activity, and CAKE fell 4.19% to Rp43.636 with 55% sell order activity.
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