Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Shiba Inu’s deflationary engine was active at full speed on Saturday, April 11, according to blockchain tracker Shibburn, which confirmed that 15,509,996 SHIB tokens were permanently removed from circulation within a 24-hour window. The burns were carried out across 10 separate transactions, marking a 237% increase versus the previous day’s burn rate and drawing renewed attention from the broader crypto community.
At the time of reporting, the total value of tokens burned was approximately $91, based on SHIB’s prevailing market price.
During the same period, SHIB’s trading price rose modestly by 0.24%, reaching $0.000005904. Despite the sharp jump in burn activity, the price movement remained largely flat, highlighting that token burns and market price do not always move in tandem over short timeframes.
The burn mechanism works independently of market sentiment. Tokens are sent to dead wallets, making them permanently inaccessible. Each transaction reduces the circulating supply, and over time, consistent burns are intended to create scarcity that could exert upward pressure on price if demand remains constant or increases.
The 10 burn transactions recorded on April 11 ranged from batches of thousands to several million SHIB per transaction, reflecting a mix of smaller and larger transfers aimed at accelerating supply reduction.
Shibburn’s data for the past 30 days also points to a notable participant in the burn ecosystem: a wallet linked to Robinhood has ranked among the top 10 SHIB burners over that period. This places the retail investment platform alongside dedicated community wallets and project-affiliated addresses in terms of burn contribution.
Robinhood’s appearance on the top burner list suggests that participation from institutional or brokerage-level entities may be contributing to SHIB’s supply reduction efforts, rather than the activity being driven only by individual holders or insiders.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…