TLDR
- Shiba Inu’s burn rate surged by 83,891% following the destruction of 85.79 million SHIB tokens in a single transaction.
- The 85.79 million SHIB burned today is the largest individual burn since July 29, marking a significant increase in activity.
- The burn led to a 5% price increase for Shiba Inu, pushing its value to $0.00001368.
- The total number of SHIB tokens burned in the past week is approximately 101.62 million, contributing to a 637.92% rise in the burn rate.
- Shiba Inu’s price surge is part of a broader market rally that saw major assets like Ethereum and Solana also experience substantial gains.
Shiba Inu’s burn rate has surged dramatically after an anonymous user incinerated more than 85 million SHIB tokens in a single transaction. The burn, which took place today at 00:09 a.m. (UTC), removed 85,795,990 SHIB tokens from circulation. This significant burn event resulted in a temporary price increase of 5% for Shiba Inu, which now trades at $0.00001368.
Biggest Individual Burn Since July 29
The recent burn of 85.79 million SHIB is the largest reported since July 29. Despite Shiba Inu’s massive supply of 589.25 trillion tokens, this burn marks the biggest individual burn in the past two weeks. Prior to this event, no individual transaction had exceeded 20 million SHIB, with the second-largest burn on July 29 reaching about 18.64 million SHIB.
🔥 85,795,990 $SHIB -> transferred to dead wallet. https://t.co/LQHfLIa4RO
— Shibburn (@shibburn) August 13, 2025
Notably, a user on Coinbase burned 600.7 million SHIB tokens on July 28 after withdrawing them from the exchange. While the latest burn represents a fraction of the total supply, it highlights the continued efforts by Shiba Inu holders to reduce the circulating supply. As the community continues to push for burns, such large individual transactions are expected to become more frequent.
Shiba Inu Burn Rate Spikes 83,891% in 24 Hours
Shiba Inu’s burn rate has seen a significant spike of 83,891% in just 24 hours. The burn tracker, Shibburn, confirmed that a total of 88.03 million SHIB tokens were destroyed across six transactions. The largest transaction in this period was the 85.79 million SHIB burn, which accounted for nearly the entire 24-hour total.
In the past week, the Shiba Inu community has collectively burned around 101.62 million SHIB tokens. This recent burn activity has contributed to a 637.92% increase in Shiba Inu’s burn rate over the last seven days. As more SHIB tokens are permanently removed from circulation, the token’s scarcity continues to rise.
Shiba Inu Price Rises by 5% Amid Burn Surge
The recent burn coincided with a slight increase in Shiba Inu’s price. Over the past 24 hours, Shiba Inu has gained 5.3%, bringing its price to $0.00001368. The price surge follows a broader market rally, with major cryptocurrencies like Ethereum and Solana also seeing substantial gains.
Although burns often contribute to price increases, the recent rally is likely driven by a combination of factors. Shiba Inu’s community continues to play an active role in burn efforts, while broader market trends may also influence the price. The 5% price increase is a clear indication of the market’s positive response to the latest burn activity.
