I woke up to the Shibburn wallet tracker like it was a weather report for a very small storm in a very large ocean. The daily SHIB burn rate has risen, a modest 38 percent in the last 24 hours, which in the cryptocurrency world is basically a heroic nosebleed. It’s not a dent in the market so much as a polite tap on the shoulder from a spreadsheet that has seen too many holidays.
Meanwhile, the meme coins shuffled off to unspendable wallets like teenagers who got a little money and decided to donate it to the mysterious adult in the room known as “the blockchain.” Several million SHIB have vanished into that abyss, a quiet victory that sounds grand only if you shout it into a vacuum.
3,564,772 SHIB gets burned today
The Shibburn site shows four burn transactions since this morning. The largest moved 1,553,766 SHIB and 1,422,952 SHIB into dead-end wallets. This is nearly a twofold surge from yesterday’s burns, when a little more than 2 million SHIB were locked away from circulation. It’s the crypto equivalent of realizing you’ve sorted the recycling, but the top of the bin still looks like a small garbage sculpture.
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By now, a total of 410,754,336,997,578 SHIB have been removed from circulation, mostly thanks to the enigmatic SHIB founder Ryoshi and Ethereum’s resident scold, Vitalik Buterin. Ryoshi sent half of the initial quadrillion to Buterin in May 2021, and Vitalik sent nearly all of it to an unspendable wallet because he didn’t want to be blamed for SHIB’s potential-an admirable form of self-preservation, or a grand clerical error in the ledger of modern myths. Either way, the coins are out there, doing something that resembles financial folklore.
SHIB market performance
Over the past day, SHIB has declined 4.57%, pulling the price to about $0.00000579 per coin. Since its 13% rebound on Friday, Shiba Inu has been trading sideways, stuck between $0.000006 and a slow drift downward. Since Friday, the descent totals roughly 9.48%.
SHIB has been moving in step with Bitcoin, which lately behaves like a moody roommate-declining below the $90,000 psychological mark on January 28 and then lingering in a self-imposed exile. Since that day and last Friday, the overall decline sits around 30.37%. In short, SHIB has learned to walk in a crowd: it goes down when others go down, and sometimes everyone just decides to stand still for a while.
Bitcoin’s stumble is credited to a mood swing among the Magnificent 7 tech giants, AI fear infecting investor mood, a 30% crash of silver and gold in a single day, and the announced hawkish-chairs candidate Kevin Warsh-one of those people who looks at a stock ticker and sighs as if the universe is judging his life choices.
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2026-02-11 14:25