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Shiba Inu burns 1.47 million tokens in 24 hours, marking 41% of initial supply burned so far

Protocol Fundamentals
28 Oct 2026, 17:08 WIB
Tokenpost
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Shiba Inu burns 1.47 million tokens in 24 hours, marking 41% of initial supply burned so far

Shiba Inu (SHIB) tokens burned totaled about 1.47 million in the past 24 hours, significantly lower than the seven-day daily average of 4.18 million. The burns occurred through three transfers to dead addresses, contributing to a cumulative burn of over 410 trillion SHIB tokens, which equals 41.08% of the original one quadrillion supply. This ongoing token burn reduces circulating supply, potentially impacting SHIB's market dynamics and scarcity. Recent burn activity shows variability, with some days exceeding 20 million tokens burned, indicating fluctuating community engagement or strategic burns.

Shiba Inu burn transfers totaled 1.47 million SHIB in 24 hours, well below the seven-day daily average of 4.18 million. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 28, 2026 20:03 WIB: 41 of 50 major cryptocurrencies rose today. Bitcoin Cash (BCH) gained 4.65% with 97% sell orders, PancakeSwap (CAKE) rose 3.72% with 71% buy orders, and The Sandbox (SAND) increased 3.66% with 98% buy orders.

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