Shibburn, a tracker of Shiba Inu coin burns, has announced a significant rise in the number of Shiba Inu coins being permanently removed from circulation each day. The daily burn rate has increased by a substantial four-digit number.
The SHIB team recently shared an update, highlighting the growing number of SHIB holders globally.
Burn rate jumps by 1,086%, 23.7 million SHIB gone
A recent report indicates a significant jump in the rate at which SHIB tokens are being burned. Over the last 24 hours, the burn rate increased by over 1,086%, with a total of 23,729,119 SHIB coins permanently removed from circulation.
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A recent burn event removed a total of ten transactions of SHIB tokens from circulation, with the largest transfers sending millions of tokens to unusable wallets. The biggest single transfer was 14,235,163 SHIB, followed by burns of 1,942,910 SHIB and other amounts. The most recent transaction moved 6,359,832 SHIB to a dead wallet.
Since May 2021, the SHIB community has collectively burned 410.75 trillion SHIB tokens. A large part of this is thanks to Vitalik Buterin, who initially received half of all SHIB tokens created by its founder, Ryoshi. Buterin destroyed 90% of his share and gave the remaining 10% to charity.
The number of SHIB holders keeps growing monthly
The team behind Shiba Inu recently announced a significant rise in the number of SHIB wallets. The latest count reached 1,558,200, and the number of new wallets added each month has been growing by 8,500 to 12,000.
The majority of SHIB tokens (62.65%) are concentrated in just ten wallets. The largest holder is the burn wallet, designed to permanently remove tokens from circulation, followed by major cryptocurrency exchanges like Binance, Bybit, and Robinhood.
The report also notes that the amount of SHIB held on cryptocurrency exchanges is decreasing, now at 80.9 trillion coins. Major SHIB holders, known as whales, are consistently moving their coins off of these exchanges.
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2026-03-26 10:28