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Shiba Inu Burn Rate Soars 83,891% as Unknown User Destroys 85,795,990 SHIB, Price Rises 5%
Shiba Inu Burn Rate Soars 83,891% as Unknown User Destroys 85,795,990 SHIB, Price Rises 5%
August 13, 2025
Shiba Inu Burns
Shiba Inu burn rate has spiked significantly as an anonymous user incinerates more than 85 million SHIB tokens in a single transaction. As usual, Shiba Inu’s burn tracker Shibburn indexed the transaction today, noting that the user transferred 85,795,990 SHIB tokens to the official dead wallet. This indicates that 85.79 million Shiba Inu tokens have been permanently removed from circulation as part of efforts to boost the token’s price over time. Since July 29, no individual burn transaction has exceeded 20 million SHIB tokens. The second-largest burn since that date saw roughly 18.64 million SHIB go up in flames on July 29. A day earlier, on July 28, a Coinbase user burned 600.7 million SHIB immediately after withdrawing the tokens from the exchange.
Burn Rate Soars 83,391% in 24 Hours
Notably, the latest incineration has pushed Shiba Inu’s burn rate to 83,891% over the past 24 hours, with a total of 88.03 million SHIB burned within this timeframe. The tokens were permanently removed from circulation across six transactions, with the largest containing 85.79 million SHIB. Meanwhile, the number of SHIB tokens destroyed over the past week by members of the Shiba Inu community is around 101.62 million. Consequently, Shiba Inu’s burn rate has spiked by 637.92% over the past seven days.
Shiba Inu burn
Shiba Inu Price Spikes Over 5%
Notably, the recent burn coincides with a spike in Shiba Inu’s price. Shiba Inu has recorded a slight growth of 5.3% over the past 24 hours, pushing its price to $0.00001368. The canine-themed token has also soared 13.06% in the past week. While increased token burns often contribute to price appreciation, the latest spike is driven by a relief rally across the broader crypto market. Major assets, including Ethereum and Solana, have also posted substantial gains over the past day, totaling 8.27% and 12.90%, respectively.
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