SHIB Burn Rate Rises 1,086% with 23,729,119 SHIB Tokens Destroyed

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. Burn rate jumps by 1,086%, 23.7 million SHIB gone The number of SHIB holders keeps growing monthly Advertisement The Shibburn portal, which tracks transactions removing Shiba Inu meme coins from circulation, has shared an update about a substantial four-digit increase in the daily burn rate of the second-largest meme coin, Shiba Inu. Meanwhile, the SHIB team has recently published an update, celebrating the recent surge in SHIB holders around the world. Burn rate jumps by 1,086%, 23.7 million SHIB gone The above-mentioned data source spread the word about a massive single-day increase in the SHIB burn rate. Over the past 24 hours, this metric has surged by slightly over 1,086%. This became possible thanks to 23,729,119 SHIB coins getting burned in total. HOT Stories Schiff Claims Banking Lobby Crushed Crypto XRP Needs This Breakout for $2 Run, Bitcoin (BTC) Trendline Shows Price's Future, Shiba Inu (SHIB) Hunts for 100 EMA: Crypto Market Review This cumulative burn contained ten burn transactions, where the largest ones carried millions of SHIB to unspendable wallets. The largest transfer moved 14,235,163 SHIB out of circulation. It was followed by burns of 1,942,910 SHIB and others. The latest burn transaction carried 6,359,832 SHIB to a dead wallet. Advertisement Source: Shibburn By now, the community has succeeded in burning 410,754,609,891,520 SHIB since May 2021. The main credit for this goes to Vitalik Buterin, who received half of the initial quadrillion SHIB supply from the SHIB founder Ryoshi. Buterin burned 90% of that “present” and donated the rest for charity. You Might Also Like Wed, 03/25/2026 - 10:00 SHIB Holder Surge Update Shared by Shiba Inu Team: ‘Steady Growth’ By Yuri Molchan The number of SHIB holders keeps growing monthly Earlier this week, the @Shibizens X account linked to the Shiba Inu developer team published a report about the recent increase in SHIB wallets. This metric has recently surged to 1,558,200, with monthly increases varying between 8,500 and 12,000 wallets. Advertisement Among these wallets, the top ten hold 62.65% of the SHIB supply, with the burn wallet holding the largest amount of meme coins, followed by top crypto exchanges – Binance, Bybit, Robinhood, etc. Besides, the report says that the number of SHIB held on exchanges has been shrinking and, by now, has dropped to 80.9 trillion meme coins. Large whales have been steadily withdrawing their SHIB coins from various exchanges. #Shiba Inu (SHIB) News #Token Burn #Meme Cryptocurrencies