10,684,707 SHIB Burned With Shiba Inu Burn Rate Surge of 439%

WikiBit|2026-08-09

Extrait:Shibburn‘s latest hourly update shows 10,684,707 SHIB burned in the past 24 hours, a 439.79% surge in the daily burn rate and more than triple the previous day’s figure. That brings seven-day burns to 173.37 million and 30-day burns past 3.36 billion, with the monthly rate up 2811.38%; total SHIB burned stands at 410.84 trillion across 21,502 transactions. At the time of writing, SHIB was down 1.26% daily and 7.38% weekly. Market sentiment was muted after the Senate declined to vote on a digital asset clarity bill before its August break. Next week‘s U.S. employment and inflation data could affect Fed policy, with rates currently at 3.50%–3.75%. Meanwhile, CryptoQuant notes Tether’s USDT market cap has fallen nearly $4 billion over 60 days, near historic extremes, potentially signaling that selling pressure is closer to exhaustion.

In a recent hourly update, Shibburn reports that a total of 10,684,707 SHIB were burned in the last 24 hours, with the daily burn rate surging 439.79%. This marked an increase from the previous day, causing the burn rate to increase more than 3x.

The over ten million SHIB tokens burned in the last 24 hours added to a cumulative total of 173.37 million burned in the last seven days. In the last 30 days, over 3.36 billion SHIB were burned, with the burn rate skyrocketing 2811.38% in this timeframe. A total of 410,843,703,896,181 SHIB has been burned in 21,502 transactions, according to the Shibburn website.

At the time of writing, SHIB was down 1.26% in the last 24 hours and 7.38% weekly. The majority of cryptocurrencies were posting modest gains on a weekly basis after the Senate confirmed it would not vote on the Digital Asset Market Clarity Act before leaving for its August break.

The bill, which would clarify which U.S. regulator oversees which digital assets, requires 60 votes to pass, and it is unclear whether it has received 50.

Next week brings the U.S. employment report and July inflation data. The Federal Reserve held rates steady at 3.50% to 3.75% in July, although three officials voted to increase them. A strong jobs number or sticky inflation might strengthen the case for tighter policy, which might affect risk assets including cryptocurrencies.

Digital Currencies

Selling pressure easing？

A key indicator might be suggesting that selling pressure is easing in the market, but there might be more to watch out for.

According to CryptoQuant, Tether's USDT market cap drop has reached historically extreme levels. The 60-day change in USDT market capitalization has fallen nearly $4 billion, placing the metric near the most negative readings in its history. This matters because stablecoins represent the crypto market's most immediate source of deployable liquidity.

Historically, the deepest USDT contraction phases in the market have marked points where selling pressure was closer to exhaustion than to further acceleration.

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