The SHIB burn accelerated as 20,311,173 SHIB were sent to unspendable addresses in seven days, lifting the weekly burn rate by 43.66%. The SHIB price then slipped 1.67% amid a Bitcoin drawdown, trading near $0.00001225 at the time of reporting.
20.3 million SHIB dissolved from supply this week
SHIB price shows a mild decline after Bitcoin’s pullback
Weekly burn rate rose 43.66%; daily burns fell 97.15%
SHIB burn: 20.3M SHIB removed in seven days — SHIB price dips after Bitcoin pullback. Read analysis and data from COINOTAG.
By COINOTAG — Published: 2025-09-06 • Updated: 2025-09-06
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What happened in the latest SHIB burn?
SHIB burn activity intensified over the past seven days when on-chain trackers reported 20,311,173 SHIB were transferred to unspendable addresses. This reduced circulating supply and pushed the weekly burn rate up by 43.66%, while daily burns dropped sharply by 97.15%.
How many SHIB were burned and where did the data come from?
On-chain data and the Shibburn tracker (not linked) show 20,311,173 SHIB moved to burn addresses over seven days. Since last morning, 69,808 SHIB were recorded as burned. These figures come from blockchain transaction logs and public burn address monitoring.
| Metric | Seven-day | 24-hour |
|---|---|---|
| SHIB burned | 20,311,173 SHIB | 69,808 SHIB |
| Burn rate change | +43.66% | -97.15% |
| SHIB price change (intraday) | -1.67% (trading near $0.00001225) | |
How did SHIB price react to Bitcoin’s drawdown?
SHIB price slipped 1.67% intraday after Bitcoin experienced a sharp move lower, dropping approximately 2.4% from around $113,250 to $110,560 per on-chain and market data. SHIB produced a large red candle on hourly charts, mirroring Bitcoin’s sell-off.
What technical levels did SHIB test?
SHIB attempted to breach the $0.00001248 resistance, climbing about 3.83% during the prior session, but failed and reversed. At the time of reporting, SHIB traded near $0.00001225, indicating short-term resistance and volatility linked to broader market moves.
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Burns remove tokens permanently, shrinking supply, but immediate price impact varies. Market sentiment, Bitcoin moves, and order flow often drive short-term pricing more than burns. COINOTAG analyst: “Burns support long-term scarcity, but price reacts first to macro and BTC-led liquidity shifts.”
Use burns as part of a multi-factor analysis. Track burn volume, burn frequency, and broader market indicators like Bitcoin price action and on-chain liquidity. Short paragraphs and focused data points help traders react quickly on mobile devices.
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Source: https://en.coinotag.com/20-3-million-shib-burned-as-price-falls-possibly-following-bitcoin-drawdown/