Over 31,000% Shiba Inu Burn Rate Surge Ignites 72.23 Million SHIB Tokens

Shiba Inu just saw one of its largest daily burn rate increases in weeks, as millions of SHIB get torched.

Tomiwabold Olajide · 20 Sep 2026 · 4 min read

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Over 31,000% Shiba Inu Burn Rate Surge Ignites 72.23 Million SHIB Tokens

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By
Tomiwabold Olajide

Sun, 20/09/2026 – 14:00

Shiba Inu just saw one of its largest daily burn rate increases in weeks, as millions of SHIB get torched.

Over 31,000% Shiba Inu Burn Rate Surge Ignites 72.23 Million SHIB Tokens

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Shiba Inu experienced one of its biggest daily spikes in burn rate this week as the burn rate skyrocketed a whopping 31,712%, with millions of SHIB sent to the burn furnace.

Shibburn’s X update said 72.23 million SHIB were burned in the last 24 hours, a substantial increase from prior days when only a few million SHIB tokens were burned. Contributing to this is a 69,382,214 SHIB token burn originating from major crypto exchange Coinbase.

#shib pic.twitter.com/zenqxu1nRj

— Shibburn (@shibburn) September 20, 2026

This culminates in a total of 111.41 million SHIB being burned in the last seven days, while 476.96 million SHIB were burned in the last 30 days. Despite a massive surge in daily burn rate, the same cannot be said of the weekly and monthly burn rates, which were down 25.06% and 86.19% respectively, as seen on the Shibburn page.