SHIB Burn Rate Surges 618%, But Price Remains Under Pressure

Shiba Inu's token burn rate has surged by an astonishing 618% as 11.35 million SHIB were removed from circulation within a single day.

This represents the largest daily token burn since July 27, when Shiba Inu recorded its biggest burn event of 2026.

While the burn rate increase is significant, it has not yet translated into a meaningful price recovery for SHIB. The meme coin remains under pressure after a stronger performance in July.