- Shiba Inu burn rate spikes by over 38,000%, affecting supply dynamics.
- Community wallets significantly drive SHIB supply reduction.
- No immediate SHIB price changes in response.
38,299% Daily Burn Rate Jump Verified by Etherscan
Shiba Inu’s burn rate experienced an unprecedented one-day leap, attributed to anonymous wallets transferring SHIB to burn addresses. This event, verified by Etherscan , showcased a peak in community-driven burn activities aimed at supply reduction.
Wallets actively involved in this process are central to reducing SHIB circulation. The Shiba Inu community, acting collectively, aims to enhance token value by lowering supply. All transactions were verified through Ethereum’s blockchain explorer, Etherscan.
No Immediate Price Impact Despite Significant SHIB Burn
The immediate market impact was minimal, with SHIB’s price remaining stable despite the burn. Investors observed these efforts as long-term stabilizing strategies rather than an instant price catalyst.
In the words of Shibburn, Community SHIB Burn Tracker, “Burns are calculated using three special addresses, two dead wallets which have no obtainable keys and tokens sent to the Genesis address (Black Hole)”.
Financial implications involved the removal of substantial SHIB volumes from circulation. Despite the significant burn, there was no direct correlation to market cap spikes or trading volume changes across major exchanges.
Large Burns Consistently Slow on Price Impact
This burn mirrors previous activities where major wallets facilitated similar reductions, notably in March 2025 and August 2024. These actions form part of a consistent strategy towards long-term valuation improvement.
Historically, large burns have not prompted immediate price hikes, aligning with past data suggesting significant supply-side market effects unfold gradually. Experts emphasize strategic burns as essential for market health over time.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
