The burn rate of Shiba Inu tokens has surged significantly, attracting market attention and causing price changes.
Single Transaction Drives 48,244% Burn Rate Surge
On August 13, 2025, an unknown whale address burned over 85.7 million Shiba Inu tokens, leading to a 48,244% spike in the burn rate. This burn was initiated by a single large transaction, creating significant market movement.
SHIB Price Climbs 6% Following Significant Burn
The immediate result of the burn was a 5-6% increase in SHIB price, bringing it close to $0.0000137. Associated tokens like BONE and LEASH also showed positive movement. Active community involvement and market trends have contributed to the interest in Shiba Inu.
SHIB Historical Burns Show Mixed Price Influence
Historical data indicates that previous burn events, such as the July 29 burn of 18 million SHIB, did not always lead to price increases. SHIB prices often tracked broader market trends, making short-term predictions challenging.
The recent rise in Shiba Inu's burn rate highlights community engagement and its relationship with market trends, although historical data indicates that the direct impact of burns on price is not always definitive.