1,535,066 SHIB Burned but Shiba Inu Burn Rate Drops 43%

Shiba Inu daily burn rate remains in the red with fewer tokens sent to dead wallets in the past day.

Tomiwabold Olajide · 31 May 2026 · 5 min read

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1,535,066 SHIB Burned but Shiba Inu Burn Rate Drops 43%

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By
Tomiwabold Olajide

Sun, 31/05/2026 – 15:00

Shiba Inu daily burn rate remains in the red with fewer tokens sent to dead wallets in the past day.

1,535,066 SHIB Burned but Shiba Inu Burn Rate Drops 43%

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More than 1.5 million SHIB were burned in the last 24 hours; however, the SHIB burn rate failed to rise. The Shiba Inu daily burn rate remained in the red as even fewer SHIB were burned from the past day.

According to the Shibburn website, 1,535,066 SHIB were burned in the last 24 hours, with the burn rate dropping 43%.

The Shiba Inu daily burn rate has steadily declined since May 27, when over 7 million SHIB were burned. Following a slight rise to above 3 million SHIB on May 29, the decline continued, leaving the daily burn rate in the red.

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SHIB eyes bearish close in May

With just a few hours left in May, the crypto sector is meanwhile on track to post its first losses in recent months. Currently at $0.00000546, Shiba Inu is down about 12.50% in May.