SHIB burn surged 211% in daily growth while weekly burns moved nearly 7 million SHIB to dead wallets, tightening circulating supply and coinciding with a short-lived Shiba Inu price rebound that later reversed; community burns remain the primary driver behind supply compression.
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SHIB burn 211% spike in daily metric
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Weekly burns totaled 6,989,286 SHIB, with major individual burns above 1 million.
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SHIB price briefly rose 5.15% to $0.00001257 before pulling back to $0.00001218.
SHIB burn surge tightens supply: learn how weekly burns and price action interplay — read COINOTAG’s concise update now.
Published: 2025-09-01 | Updated: 2025-09-01 | Author: COINOTAG
- SHIB burn 211% growth imbalance
- SHIB attempts a bullish rebound
The SHIB community continues to drive Shiba Inu coins from the market, making the circulating supply shrink.
This key Shiba Inu metric has experienced a significant surge over the past day. While the daily SHIB burns were rather insignificant in absolute terms, the weekly burns carried millions of SHIB to dead-end wallets.
What is causing the recent SHIB burn 211% growth imbalance?
SHIB burn jumped 211.77% in the 24-hour metric largely due to concentrated, high-value transfers to known burn addresses tracked by Shibburn. In raw terms, only 219,849 SHIB were burned in that day, while weekly aggregate burns reached 6,989,286 SHIB, indicating volatility in daily activity despite steady weekly removal.
How does the SHIB burn rate affect Shiba Inu price action?
Burns reduce circulating supply and can support price by tightening availability. However, short-term price moves are also driven by trading flows, liquidity changes, and market sentiment. This week SHIB saw a 5.15% intraday rally to $0.00001257, then retraced to $0.00001218, showing supply compression from burns is only one of several price drivers.
Shibburn (wallet tracker), CoinGecko, and CoinMarketCap data (referenced as plain text) show that large weekly burns—1,694,200, 1,076,047, 1,331,608, and 1,000,000 SHIB—accounted for the bulk of the week’s removal. Despite the raw weekly number, the weekly burn rate fell 25.13% versus the prior week, signaling fewer large batched burns or more variability.
Why do daily and weekly SHIB burn metrics diverge?
Daily metrics reflect immediate community activity and transaction timing; weekly metrics smooth short spikes. A 211% daily increase can result from a handful of transfers concentrated in one 24-hour window, while weekly totals reveal the broader trend. Wallet trackers like Shibburn remain the primary source for address-level burn monitoring (plain text).
Frequently Asked Questions
How many SHIB were burned in the recent 24-hour spike?
Shibburn reported a 211.77% increase in the daily metric, with 219,849 SHIB removed in that 24-hour window.
What were the largest burn transactions this week?
Major transactions included burns of 1,694,200, 1,076,047, 1,331,608, and 1,000,000 SHIB, according to wallet-tracking data provided in plain text by Shibburn.
Key Takeaways
- Daily spike vs weekly trend: A 211% daily increase reflected short-term activity, while weekly burns totaled nearly 7 million SHIB.
- Supply impact: Burns reduce circulating supply but do not alone determine price.
- Monitoring: Track burns via Shibburn and market data providers (plain text) and consider liquidity and trading volume for price context.
Conclusion
The recent SHIB burn metrics show a pronounced daily spike amid a still-meaningful weekly removal of supply. While community burns remain a central supply-side factor, short-term Shiba Inu price moves depend on broader market dynamics. COINOTAG will continue monitoring burn activity and price developments; readers should track address-level data and liquidity metrics for clearer signals.
Expert quote: “Large but irregular burns create headline volatility in burn metrics; consistent weekly burns matter more for long-term supply tightening,” said a COINOTAG crypto analyst.
