4,804,534 SHIB Erased in 24 Hours After 380% Burn Surge

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News SHIB burns soar 380%, million SHIB torched Top SHIB executive not worried about Bitcoin price Advertisement Prominent Shibburn coin tracker has published a fresh update on its website. According to this data, the SHIB community has transferred almost five million meme coins in total from the circulating supply of Shiba Inu over the past day. Meanwhile, the second-largest meme coin is striving to recover from the 17.5% price crash it faced last week. SHIB burns soar 380%, million SHIB torched The aforementioned data source shows that over the past day, the major SHIB metric, the burn rate, has seen an increase of 380.45%. This substantial growth was achieved thanks to a large amount of meme coins transferred to dead wallets — 4,804,534 SHIB in total. HOT Stories Morning Crypto Report: Binance Suddenly Unlocks One Trillion Shiba Inu (SHIB), Bitcoin Whitepaper Name Admits and Denies Epstein Links, $2.36 Billion Satoshi-Era Bitcoin Whale Gets in Trouble With Ethereum Crypto Market Review: XRP in Deep $1 Waters, Shiba Inu (SHIB) — Worst Price Nosedive of 2026, Is Bitcoin (BTC) in Danger of Hitting $50,000? Strategy's Saylor Hints at Fresh Bitcoin Buy Amid Investor Ridicule Shiba Inu Buyers Step In, Peter Brandt Reveals Bitcoin Price Rebound Target, Ripple Exec Confirms XRP as Priority — Top Weekly Crypto News The list of the burn transactions shows that over the past 24 hours, there have been five burn transfers. The largest ones carried 1,191,814 SHIB; 1,353,406 SHIB and 1,887,367 Shiba Inu. Advertisement The SHIB community, along with the Shiba Inu team, has been conducting regular coin burns since 2021 in attempts to make the total circulating SHIB supply shrink. Initially, the SHIB team, led by Ryoshi, launched a quadrillion Shiba Inu coins. However, in May 2021, the mysterious SHIB creator sent 500,000,000,000 SHIB as a gift to the Ethereum founder, Vitalik Buterin, as a sign of respect; SHIB runs on the Ethereum blockchain. Over the weekend, Shiba Inu experienced a massive decline of slightly more than 17%, going down from $0.00000783 to the $0.00000646 level and mirroring the recent plunge of Bitcoin. Since Saturday, the meme-inspired coin has managed to recover by roughly 4% and is currently changing hands at $0.00000671. You Might Also Like Sun, 02/01/2026 - 19:19 Strategy's Saylor Hints at Fresh Bitcoin Buy Amid Investor Ridicule By Alex Dovbnya Advertisement Top SHIB executive not worried about Bitcoin price The official marketing lead of the Shiba Inu team, known across the crypto space as Lucie, has taken to her X account to comment on the current bloodbath the crypto market has been going through. Noting the massive Bitcoin price crash below the $80,000 since Thursday, Lucie stated that he had seen BTC dropping from $68,000 to $26,000 and then surging back above $121,000. “I’m not really worried,” she tweeted, “I am just bracing myself.” I was here from 68K BTC to 26K BTC and back to 121K BTC, so I am not really worried. I am just bracing myself. And my delulu mind is dreaming of a reversal and seeing a spring bull market with SHIB running 1000% in three days. Dreams are vivid, they say 😁 — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 1, 2026 She also jokingly shared her daydream of seeing a crypto bull market arrive, where Shiba Inu would skyrocket by 1,000% within just three days. Bitcoin has also slightly recovered today, now trading at $77,498. #Shiba Inu #Token Burn #Bitcoin