4.8 Million SHIB Burned in 24 Hours Following 380% Spike in Activity

TL;DR

• Shibburn data shows 4,804,534 SHIB burned in 24 hours, pushing burn rate up 380.45% across five transfers, as traders gauge follow-through this week.
• The largest burns moved 1,887,367, 1,353,406, and 1,191,814 SHIB, reinforcing a burn cadence the community has tracked since 2021 amid defensive market sentiment.
• SHIB fell over 17% to about $0.00000646, then rebounded roughly 4% to around $0.00000671, showing burns do not offset risk-off flows alone for now.

Shiba Inu’s burn dashboard flashed a sharp uptick over the past 24 hours: Shibburn data shows 4,804,534 SHIB sent to dead wallets, lifting the burn rate by 380.45%. Five burn transfers drove the move, giving the community a clean, trackable KPI at a moment when broader risk appetite is shaky. The headline burn spike is a supply-side signal, but the market is still pricing demand-side stress. SHIB is working back from a roughly 17% weekend drop and is trading around $0.00000671 after a modest rebound. Traders ask whether this burn pace holds through the week.

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

Burn activity spikes, but price remains the scoreboard

Shibburn’s transaction list breaks the activity into five burns, with the biggest transfers carrying 1,887,367 SHIB, 1,353,406 SHIB, and 1,191,814 SHIB to dead wallets. Smaller sends filled out the remainder, but concentration in a few large moves is what powered the 380.45% jump. Operationally, burns act like a voluntary supply-reduction lever, so cadence and repeatability matter more than a single burst. The Shiba Inu community and core team have conducted regular burns since 2021 to shrink circulating supply and reinforce scarcity optics. That framing is why burn dashboards stay prominent whenever price action turns defensive.

The burn narrative traces back to launch mechanics and early supply optics. The project initially released a quadrillion SHIB, then in May 2021 the creator sent 500,000,000,000 SHIB to Ethereum co-founder Vitalik Buterin as a public signal of intent, since SHIB runs on the Ethereum blockchain. That historical episode anchored the community’s expectation that supply management is part of the token’s long-term value proposition. Today’s 4.8 million burn is small versus that scale, but it still functions as a recurring proof point for holders and market-makers tracking token economics in real time during volatile sessions.

Price has not yet rewarded the burn headline. Over the weekend, SHIB slid a little more than 17%, dropping from $0.00000783 to about $0.00000646, mirroring a broader Bitcoin-driven selloff, then rebounded roughly 4% to around $0.00000671. The near-term read is that burns can tighten supply at the margins, but they rarely offset macro risk-off flows on their own. Going forward, stakeholders will watch whether burns keep printing across multiple days, whether large transfers continue, and whether price can stabilize without fresh liquidation pressure. If alignment improves, burns shift from optics to a durable feedback loop.