Shiba Inu burn activity continues as $1 in SHIB is sent to dead wallet

Shiba Inu's burn activity continued with $1 worth of SHIB sent in the last hour to a dead wallet (an unspendable blockchain address), following an hour in which no tokens were burned. Shibburn said the latest transfer, posted on X on August 10, 2026, shows that even very small burns still reduce SHIB's circulating supply and quoted the destination as having "accepted it without complaint." Over the last 24 hours, 4.71 million SHIB worth $22 was burned; the source put the seven-day total at 94.67 million and the 30-day total at $3.36 billion. SHIB later rose 1.21% over 24 hours to $0.00000466 after touching $0.00000475 intraday, while traders looked to July inflation, producer prices, jobless claims, retail sales and Michigan consumer sentiment data after a softer-than-expected July nonfarm payrolls report shifted expectations for Federal Reserve policy and left markets pricing a nearly 46% chance of a September rate increase.

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