Shiba Inu burn rate collapses by over 91% today; what’s next for SHIB price?
Shiba Inu (SHIB) burn rate plummeted by more than 91% on September 28, 2026, even though this cryptocurrency climbed over 7.7% last week. Shiba Inu burn rate experienced a 91.31% meltdown over the past 24 hours, from approximately 3,887,908 SHIB at the beginning of the day to roughly 338,050 SHIB obliterated, according to data from Shibburn . Shib Inu burn rate for 24 hours. Source: Shibburn During the past 30 days, SHIB’s burn activity surged to its highest level on September 10, when 73,288,887 tokens were incinerated. On September 19, the Shiba Inu burn rate also soared, with 69,934,007 SHIB destroyed. Shib burn rate for 30 days. Source: Shibburn Notably, although the Shiba Inu burn rate has plunged significantly on Monday, down by more than 36% over the past 30 days, the Shibarmy still gets to benefit. Furthermore, the total SHIB burned increases over time, currently at around 410,844,369,808,074 SHIB, valued at over $7.35 billion. At the time of repor...