As the focus shifts to wallet security, Shibburn, which tracks Shiba Inu burns in real time, has shared a crucial warning to the Shiba Inu community.
2026 has already witnessed major DeFi exploits, exchange breaches, and a cold storage failure. The Coldcard exploit that swept Bitcoin out of wallets secured by Coldcard hardware devices reinforces that self-custody relocates risk rather than eliminating it.
Amid this, Shibburn reminds the SHIB community that unfamiliar wallet requests should not be treated casually. In an X post, Shibburn warns the SHIB community to exercise caution when interacting with unexpected wallet requests, particularly those asking to approve permissions or sign transactions.
“Unexpected wallet requests deserve caution. Read every permission before signing,” Shibburn wrote in an X post. The reminder highlights a broader security issue facing crypto users: a transaction that appears routine might grant a decentralized application permissions that users may not fully understand.
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In a separate X post, also addressing wallet security, Shibburn warns SHIB users never to share a seed phrase or private key, as legitimate support teams will not ask for either.
2,604,774 SHIB Burned
According to the Shibburn website, a total of 2,604,774 SHIB has been burned in the last 24 hours; however, the daily burn rate fell 8.74%.
This was less than the day before, when 3.93 million SHIB tokens were burned, causing a small dip in the burn rate. The over two million SHIB tokens burned in the last 24 hours added to a cumulative total of 48.52 million burned in the last seven days.
In the last 30 days, 3.35 billion SHIB were burned, with the burn rate dropping 76.71% in this timeframe. A total of 410,843,714,716,903 SHIB has been burned in 21,530 transactions, according to the Shibburn website.
At the time of writing, SHIB was up 0.21% in the last 24 hours and down 7.63% weekly as investors weighed a key inflation reading on Wednesday, which showed prices moderating across a range of goods and services, possibly taking the urgency out of an imminent interest rate cut.