Skyrocketing Shib Burn Rate Hits 83,891% in 24 Hours While Crypto Climbs 5%
The Shiba Inu community has made a significant move in the cryptocurrency world, with an anonymous user burning approximately 85.79 million SHIB tokens in a single transaction on August 13, 2025. This marks the largest single-day burn since July 29, 2025, and a spike in the burn rate of 83,891%.
This latest Shiba Inu (SHIB) burn surge temporarily affected the token's price, causing a 5.3% rise in a single day. The impact on SHIB's price, however, has been inconsistent. While burns reduce circulating supply and theoretically should boost price by creating scarcity, recent data show that large burns sometimes coincide with price drops or limited price movement.
Despite this, the community's determination in driving token burns and potential price momentum is evident. Each transaction removing SHIB tokens from circulation adds to the growing scarcity of the token. The burn rate surged 83,891% in 24 hours during the recent Shiba Inu (SHIB) burn surge, removing 88.03 million tokens.
The market remains cautious given SHIB's history of volatile price trends despite aggressive burn campaigns. The market for SHIB remains saturated, with a total supply of around 589 trillion tokens, so even tens or hundreds of millions burned are relatively small fractions. Analysts emphasize that sustained, large-scale burns combined with whale behavior, rather than isolated incidents, are the more critical factors influencing long-term supply dynamics and price trends.
The recent spike in Shiba Inu (SHIB) burn activity has many wondering if more record burns are on the horizon. The burn surge provided Shiba Inu (SHIB) with a distinct narrative within the wider market movement. The recent Shiba Inu (SHIB) burn activity occurred alongside market gains for Ethereum and Solana.
A Coinbase user burned 600.7 million SHIB after withdrawal a day before the latest burn. The latest burn surge created a backdrop where even modest burns can spark meaningful price movements. The SHIB price rose amid burn activity and broader market strength.
However, investor interest is shifting towards projects with greater real-world utility and yield, which challenges the purely deflationary value proposition of tokens like SHIB. The market remains cautious, showing weak momentum over the past year despite burning over 631 million SHIB in a week at times.
Looking ahead, burn trends are expected to continue as community efforts persist in reducing supply. However, price impact will likely depend on the scale and consistency of burns along with broader market conditions and adoption factors. Single-day large burns can cause short-term price spikes, but long-term price sustainability seems to require more than just token burning.
- The surge in Shiba Inu (SHIB) token burns, such as the recent 85.79 million SHIB tokens burned in a single transaction, has led some to speculate about more record-breaking burns in the future.
- Despite the Shiba Inu community's efforts in burning tokens, investors are becoming increasingly interested in projects with real-world utility and yield, which questions the purely deflationary value proposition of tokens like SHIB.
- As the Shiba Inu community continues to burn tokens, experts believe that the price impact will depend on the scale and consistency of burns, along with broader market conditions, adoption factors, and the overall supply dynamics.
