u.today
26 September 2026 16:55, UTC
Shiba Inu burn page shows a 657% rise in daily $SHIB burn rate as millions of $SHIB sent to dead wallets.
15.16 million $SHIB tokens have been burned in the last 24 hours, causing an uptick in the daily burn rate. This marked a deviation from that seen at the week's start when Shiba Inu's burn activity flattened.
In the past hour, there have been a total of 3,887,908 $SHIB tokens burned (1 transaction)#shib pic.twitter.com/eK1GVV0Nwj
— Shibburn (@shibburn) September 26, 2026
On September 24, 2026, just 227,777 $SHIB were burned; this figure slightly increased on September 25 with 2,184,538 $SHIB burned.
Several transactions contributed to the 15.16 million $SHIB burn figure in the last 24 hours. In recent hours, a total of 3,887,908 $SHIB tokens were burned at once. Another 1,080,682 $SHIB tokens were burned in a single transaction, Shibburn reported a few hours back. A total of 10,007,239 $SHIB was also sent to dead wallets in a single transaction.
99.16 million $SHIB was burned in the last seven days, while 383.92 million $SHIB was burned in the last 30 days, with Coinbase being the largest $SHIB burner in this timeframe.
A total of 410,844,369,470,023 $SHIB has been burned so far, representing 41.08% of Shiba Inu's initial supply of 1 quadrillion tokens.
At the time of writing, $SHIB was up 1.81% in the last 24 hours to $0.000005945 as the broader crypto market rebounded after a selloff at the week's start following hawkish Federal Reserve commentary and stronger-than-expected economic data.
Hawkish comments from Federal Reserve Governor Michael Barr, who said in a speech on Wednesday that "further policy adjustments" can be expected to bring inflation down to target, had impacted the markets.
Investors adjusted expectations amid indications of a potential rate hike in October. The University of Michigan's consumer sentiment index showed that year-ahead inflation expectations leapt to 4.6% in September, rising from 4% in August and marking the highest reading since June.
Shiba Inu recovered from a low of $0.00000554 reached in Wednesday's selloff to reach $0.00000602 early Saturday, marking two straight days of increases.
