SHIB burn rate drops 90% as wallets hit 1.58M
SHIB burn rate fell 90.19% over the past 24 hours, with 1,040,871 SHIB sent to burn addresses. Still, longer-term supply reduction remains active: 51,669,707 SHIB burned in a week and 208,429,367 SHIB removed in a month (about 41.08% of the original 1 quadrillion SHIB is now in dead wallets).
At the same time, on-chain demand improved. Total SHIB wallets reached 1,585,193, adding 10,718 new holders in one day (a daily record for 2026 so far). SHIB was also trading steadily around $0.000006182, up ~0.42% (24h) and ~2.29% (7d), as broader market volatility cooled.
For traders, the key setup is divergence: weaker SHIB burn rate momentum near-term, but stronger wallet growth and participation. Watch whether the SHIB burn rate slowdown persists—if it does, any price boost from deflation expectations may be capped, but sustained holder growth can help sentiment and limit downside.
Neutral
The event is mixed for SHIB. On the bearish side, the SHIB burn rate dropped sharply (down ~90% in 24 hours), which can reduce near-term deflation momentum and dampen the “burn = supply pressure” narrative traders sometimes price in quickly.
On the bullish/positive side, wallet growth hit a new daily high (1.58M wallets; +10,718 in a day). That suggests rising participation and potential demand, which can offset weaker burns and help stabilize price action. The fact that SHIB price is steady to slightly higher while burns slow reinforces this divergence.
Net: sentiment may stay supported by adoption even if burn intensity cools. Traders should monitor whether the SHIB burn rate stabilizes or rebounds; a sustained rise in burn alongside continued wallet growth would tilt more bullish, while continued burn weakness with slowing wallet growth would raise downside risk.