🚨 The Shiba Inu (SHIB) network saw its daily burn rate spike by 657%, with 15.16 million SHIB permanently removed from circulation and sent to dead wallets within a 24-hour period. $AMP $RARE
🔥 Key Data from the Surge
· Main Driver: The spike was primarily driven by a few large transactions. A single transaction sent 10,007,239 SHIB to a burn address, while others accounted for 3.88 million and 1.08 million SHIB respectively.
· Recent Trend: This marked a sharp deviation from earlier in the week, when burn activity had flattened out (only about 227,777 SHIB were burned on September 24).
· Long-Term Context: Despite this daily surge, the amount is still relatively small compared to longer timeframes. Over the past 7 days, 99.16 million SHIB were burned, and 383.92 million over 30 days.
📉 Broader Context on Burn Mechanics
It's worth noting that while burn spikes often generate headlines, the sheer scale of SHIB's original supply means such events have limited immediate impact on scarcity. As of late 2026, roughly 41.08% of the original 1 quadrillion tokens have been burned, yet hundreds of trillions of SHIB still remain in circulation.
🔥 Key Data from the Surge
· Main Driver: The spike was primarily driven by a few large transactions. A single transaction sent 10,007,239 SHIB to a burn address, while others accounted for 3.88 million and 1.08 million SHIB respectively.
· Recent Trend: This marked a sharp deviation from earlier in the week, when burn activity had flattened out (only about 227,777 SHIB were burned on September 24).
· Long-Term Context: Despite this daily surge, the amount is still relatively small compared to longer timeframes. Over the past 7 days, 99.16 million SHIB were burned, and 383.92 million over 30 days.
📉 Broader Context on Burn Mechanics
It's worth noting that while burn spikes often generate headlines, the sheer scale of SHIB's original supply means such events have limited immediate impact on scarcity. As of late 2026, roughly 41.08% of the original 1 quadrillion tokens have been burned, yet hundreds of trillions of SHIB still remain in circulation.
