It’s curious—memecoins usually spark headlines for all kinds of wild reasons. With Shiba Inu (SHIB), the burn rate is one of them. Even now, in early 2026, people are still buzzing about how many tokens got sent to the void—and what that might mean. It’s not perfect science, but the buzz and unpredictability of those percentage spikes make SHIB a meme coin to watch, for better or worse. Let’s unpack what’s really going on here, and why token burns rarely move the market the way you’d expect.
At the turn of 2026, SHIB’s burn rate spiked by a jaw-dropping 10,728.80% within 24 hours, equating to over $172 million worth of tokens sent to unrecoverable wallets. That cut the circulating supply to around 585.29 trillion SHIB. Meanwhile, in late December 2025, there was a 32% drop in burn activity even though 2 million tokens were still destroyed in a day—a good reminder of burn volatility.
In mid-2025, notable spikes include:
– A 112,000% increase in burn rate with 116 million tokens removed.
– A 48,244% 24-hour surge saw nearly 88 million SHIB burned.
– Another jump of 23,864% triggered the destruction of over 16.6 million tokens.
These events dominated crypto news for a minute, though their impact on price often fizzled soon after.
Back in June 2025, a record 5,223% 24-hour spike led to 21.3 million SHIB being burned, with a stunning weekly total exceeding 148 million burned tokens. It’s tempting to assume that such fierce burnbacks would fuel rallies—but price movement often fell short of expectations.
In the Shiba community, it’s almost a sport to burn coins—yet sentiment is mixed. Some traders see burns as pure hype, while others view them as strategic long-term supply crunchers.
“Smaller supply drives higher price— but only if there is demand.”
— a sentiment shared by community members observing the disconnect between burns and price.
Community-driven burns—whether manual or automated via Shibarium fees—have eliminated billions of tokens over months. Yet, skeptics question the real impact, pointing to the scale: with total supply in the hundreds of trillions, it’s often “a drop in the ocean.”
Some investors even jest about the timeframe: one rough calculation estimated it’d take over 2,260 years of constant burns at current rates to meaningfully nudge SHIB’s value higher.
Burning tokens is a deflation mechanism in theory—but in practice, unless demand surges, price rarely follows. Even when percentage change is astronomical, absolute volumes remain minuscule against total circulating supply (~589 trillion SHIB).
Often, burn spikes serve more as marketing—or community morale boosters—than market movers. Headlines like “burn rate jumps thousands of percent!” can drive FOMO, but actual effect on token valuation remains cagey.
Though spikes can breed excitement, reversed or flat burn days highlight instability—like the 32% drop in late 2025. That kind of volatility sends mixed signals to investors and traders.
The early 2026 uptick—over 10,700%—grabbed headlines and briefly tightened supply, but it didn’t trigger a sustained rally. Sometimes deflation just doesn’t change demand, so the price stays flat.
Massive burn weeks coincided with a broader alt market slump. Shiba still lost ground—even with nearly 150 million tokens burned—underscoring that macro trends often dwarf technical deflationary tactics.
Despite bullish burn talk, many insiders voice skepticism: “Burning has its place, but you need utility,” and lament that SHIB could rarely maintain relevance without real use cases.
Burn rate refers to the percentage increase or decrease in tokens sent to unspendable addresses over a set period—typically 24 hours or a week. It’s a snapshot of how aggressively tokens are being removed from circulation.
Not necessarily. While they can create temporary buzz, price movement depends more on demand and broader market conditions. Many huge spikes haven’t translated into sustained rallies.
Even with millions or billions burned, the total represents a tiny fraction of SHIB’s circulating supply—hundreds of trillions—so supply remains massive.
Burns often serve as symbolic gestures, rallying the community and signaling engagement—even when concrete financial impact is limited.
The most notable was Vitalik Buterin’s 2021 burn of over 410 trillion SHIB. That one-day action drastically cut supply, far surpassing any community-driven burns in scale.
Shib Burn Rate remains a fascinating but fragile driver in the SHIB ecosystem. For real momentum, it needs to be part of broader utility and demand—not just occasional fireworks.

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