SHIB Burn Activity Surges 140% With 6.75 Million Tokens Removed
Analysis
Price Impact
LowWhile the surge in shib burn activity is a positive indicator for its deflationary nature, the actual tokens burned in the last 24 hours are relatively small compared to the total circulating supply. this suggests it's unlikely to cause a significant immediate price movement.
Trustworthiness
MedPrice Direction
NeutralThe burn rate increase is a deflationary event, which is generally bullish for a token's supply. however, the current price action shows mixed results, and the broader market sentiment and other macroeconomic factors mentioned in the article are also influencing shib's price.
Time Effect
ShortThe burn activity is a daily and weekly metric, indicating a short-term trend. while it contributes to long-term deflation, its immediate price impact is typically short-lived.
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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. SHIB price SHIB gets a boost in Japan Advertisement Shiba Inu has seen 6.75 million tokens sent to dead wallets in the last 24 hours, with the daily burn rate rising 140%. This continues SHIB's deflationary momentum, which has seen 410,840,395,512,922 Shiba Inu tokens sent to a null address where they can't be retrieved or used, reducing SHIB's supply. 41.08% of Shiba Inu's initial 1 quadrillion supply has been burned, with the dog coin now left with 58.92%. You Might Also Like Wed, 07/15/2026 - 10:00 Shiba Inu Reaches 21,000 Total Burn Transactions in Key Milestone By Tomiwabold Olajide HOT Stories XRP's Price Health Is on the Line, Did Shiba Inu (SHIB) Finally Bottom? Ethereum's (ETH) Mini-Golden Cross: Crypto Market Review Early Uber Investor: Bitcoin Has Strategy Problem This week, as reported, Shiba Inu hit a burn milestone with total burn transactions surpassing 21,000, currently at 21,193. This suggests a consistent burn mechanism by the community, with millions of SHIB being sent to dead wallets at a continuous pace. Advertisement In the last seven days, 43.75 million SHIB were burned, adding to a total of 267.58 million SHIB in thirty days. SHIB price At the time of writing, SHIB was up 0.96% in the last 24 hours to $0.00000417 and down 4.87% weekly. You Might Also Like Thu, 07/16/2026 - 12:20 Shiba Inu Adds 60% in Weekly Spot Flows: Explaining What It Means for Price Health By Arman Shirinyan Advertisement The mixed price action follows cooler-than-expected producer and consumer price data this week, while U.S. jobless claims for the week ending July 11 came in lower than forecasted, at a seasonally adjusted 208,000. The University of Michigan's index on consumer sentiment rose to 54.4, topping a Dow Jones consensus of 50.5. SHIB gets a boost in Japan Japan passed major amendments to the Financial Instruments and Exchange Act (FIEA) on July 15, 2026, marking a turning point for the country's crypto market. The amendments do not classify Bitcoin or Ethereum as securities but rather label cryptocurrencies as investment products. The aim is to provide a regulatory framework that will boost engagement from banks, securities firms, asset managers, and institutional investors while increasing investor protection. Shiba Inu, which is already on the Japan JVCEA Green List, which makes it easier for regulated platforms in the country to list SHIB, might stand to benefit from the recent move. #Shiba Inu (SHIB) News #Shiba Inu