SHIB burn imbalance surged 93% last week after on-chain tracker Shibburn recorded 22,652,982 SHIB moved to dead wallets, while Shibarium surpassed 1.5 billion transactions. This reflects intense community-led transfers and continuing layer-2 activity in the Shiba Inu ecosystem that impacts supply dynamics.
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93% surge in SHIB burn imbalance
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Shibarium surpasses 1.5 billion transaction milestone
SHIB burn imbalance jumps 93% as Shibarium tops 1.5B transactions — read the latest SHIB burns, on-chain stats, and what it means for Shiba Inu.
What is the SHIB burn imbalance and why does it matter?
SHIB burn imbalance measures the difference between SHIB tokens moved to dead (unspendable) wallets and the number of tokens actually recorded as burned. High imbalance indicates large transfers into dead addresses that may not reflect confirmed token burns, affecting perceived supply reduction.
How many SHIB were transferred to dead wallets this week?
On-chain tracker Shibburn shows 22,652,982 SHIB were moved to dead wallets over the past seven days. The largest single transfers included 9,800,976 SHIB and 2,663,204 SHIB, along with several transfers around one million tokens.
How many SHIB were actually burned this week?
Weekly confirmed burns dropped to 2,392,378 SHIB, an 84.79% decrease in burn rate despite the large transfers to dead wallets. Today’s largest burned lumps were 1,136,833 and 1,176,958 SHIB.
Why did daily burn figures spike in reports?
Plain text reports from COINOTAG referenced a sharp daily burn rate surge of 6,354% on a given day. This spike likely reflects a timing mismatch between large transfers and recorded burn confirmations in public trackers.
Shibarium: When did it hit 1.5 billion transactions and what are the current activity metrics?
Layer-2 network Shibarium crossed 1.5 billion total transactions, reaching 1,566,353,213 transactions per Shibariumscan data. However, daily transactions have plunged from 4.07 million on August 23 to about 20,190 today.
Shibarium has produced 12,911,597 blocks and records roughly 272,017,872 connected wallets, indicating broad wallet-level engagement despite recent drops in daily transaction volume.
Summary table: Transfers vs Burns
Metric | Value |
---|---|
Transferred to dead wallets (7 days) | 22,652,982 SHIB |
Confirmed burns (7 days) | 2,392,378 SHIB |
Shibarium total transactions | 1,566,353,213 |
Shibarium daily transactions (today) | 20,190 |
Frequently Asked Questions
How does a transfer to a dead wallet differ from a burn?
A transfer to a dead wallet moves tokens to an address with no known private key. A confirmed burn updates token supply records. Transfers can inflate apparent burns until a burn event is validated by trackers.
Is the SHIB supply actually decreasing?
Confirmed burns reduce supply, but when transfers to dead wallets vastly exceed confirmed burns, net supply change may be limited. Confirmed on-chain burn records are the reliable metric for supply reduction.
Can Shibarium activity affect SHIB price or utility?
Higher Shibarium usage can increase token utility via layer-2 activity and potentially support demand. However, short-term transaction declines reduce immediate network demand signals.
Key Takeaways
- Burn imbalance spike: 22.65M SHIB moved to dead wallets caused a 93.01% weekly imbalance surge.
- Actual burns fell: Confirmed weekly burns declined to 2,392,378 SHIB, down 84.79%.
- Shibarium milestone: Shibarium exceeded 1.5 billion transactions, but daily transactions have dropped sharply.
Conclusion
This report shows a pronounced SHIB burn imbalance driven by large transfers to dead wallets alongside sustained Shibarium growth to 1.5 billion transactions. Readers should focus on confirmed burn totals and Shibarium activity metrics to assess genuine supply impacts. For ongoing monitoring, log on-chain tracker data regularly and compare transfer versus confirmed burn records.
Published by COINOTAG. Updated: 2025-09-05.