{"id":7671,"date":"2025-08-13T13:26:03","date_gmt":"2025-08-13T13:26:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/shib-burn-rate-soars-as-single-wallet-removes-85m-tokens-from-supply\/"},"modified":"2025-08-13T13:26:11","modified_gmt":"2025-08-13T13:26:11","slug":"shib-burn-rate-soars-as-single-wallet-removes-85m-tokens-from-supply","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/shib-burn-rate-soars-as-single-wallet-removes-85m-tokens-from-supply\/","title":{"rendered":"SHIB burn rate soars as single wallet removes 85m tokens from supply"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">A single large address burned 85,795,990 Shiba Inu tokens, causing a major spike in the daily burn rate. <\/p>\n<div id=\"cn-block-summary-block_d3b4475b2bcf9ced1e0a423d3bcb7ff0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Shiba Inu saw a dramatic spike in daily burn rate.<\/li>\n<li>One whale was behind the large daily spike, burning 85 million SHIB.<\/li>\n<li>Still, the transaction is even the biggest burn in the last two weeks.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Burn rates remain a keydriver of Shiba Inu\u2019s (SHIB) medium- to long-term performance. On Wednesday, August 13, SHIB\u2019s daily burn rate surged 48,247.45%, with almost 88 million tokens burned in the past 24 hours. This coincided with a 6% daily gain in SHIB\u2019s price.<\/p>\n<p>The spike in the burn rate was largely driven by a single whale wallet, which alone burned 85,795,990 SHIB tokens, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.shibburn.com\/btx\/0xa26536b6c16ffe70f99afd379563a69dc3f2c0c6eb0757ed832f2a3831a079b1\" target=\"_blank\">data<\/a> from Shibburn. Still, the transaction was not the biggest burn that Shiba Inu saw recently.  <\/p>\n<p>The latest large burn occurred on July 29, with <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.shibburn.com\/btx\/0x5a424205efe75989b2d7f11fd6d3edc76e03b604e4062d42e2f45ed18d13f3f4\" target=\"_blank\">18 million<\/a> SHIB tokens burned. What is more, just one day prior, one whale <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.shibburn.com\/btx\/0x6a4426dbea95c0b307aa149ad899f6b6db6a365972f945736a703b34d226baf4\" target=\"_blank\">burned 600 million<\/a> SHIB tokens, representing by far the biggest burn in the past 30 days. <\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Shiba Inu burn rate in the last 30 days | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/shiba-burn-tracker.com\/\" target=\"_blank\">Shiba Burn Tracker<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Shiba Inu price moves sideways despite token burn<\/h2>\n<p>Interestingly, despite the major late-July burn, SHIB\u2019s price moved in the opposite direction. Between July 28 and August 2, the token fell from $0.000014 to a monthly low of $0.000011. It has since recovered to $0.00001386.<\/p>\n<p>This drop coincided with Bitcoin\u2019s fall from above $119,000 to a monthly low of $122,321 in a few days. What is more, Shiba Inu\u2019s recovery in the last seven days also coincided with Bitcoin\u2019s (BTC) recovery. <\/p>\n<p>While token burns are important for Shiba Inu\u2019s long-term outlook, they rarely drive prices higher in the short term. Instead, SHIB\u2019s day-to-day price action remains closely tied to broader crypto market sentiment, particularly Bitcoin\u2019s performance.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A single large address burned 85,795,990 Shiba Inu tokens, causing a major spike in the daily burn rate. Summary Shiba Inu saw a dramatic spike in daily burn rate. One&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7671"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7671\/revisions"}],"predecessor-version":[{"id":7672,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7671\/revisions\/7672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1410"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}