Shiba Inu April 6, 2026

SHIB Burns Jump 172% as Robinhood, Binance, Coinbase Appear on Top Burner List

Shiba Inu’s latest burn spike is getting attention, but not just because of the numbers. The SHIB burn rate has surged by over 172% in the past seven days. Millions of tokens were removed from circulation. What stands out more is who has been showing up behind these transactions. Some of the biggest names in crypto appear on burn trackers. Despite this, SHIB’s price saw only a modest growth.

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SHIB Burn Data Shows Big Names, but Intent Remains Unclear

Data from Shibburn shows close to 10 million tokens were burned in the last few days through a handful of transactions. Wallets linked to platforms like Robinhood, Coinbase, and Binance appear among the top burners. This is alongside the gambling platform Stake.com.

At the same time, a single whale wallet accounted for a much larger share. It burned over 96 million SHIB across multiple transfers. This puts the spotlight less on exchanges and more on individual activity.

But these labels can be misleading. Burn trackers attribute transactions to known wallets. But they do not explain intent. Some of these transfers could be routine wallet management or internal movements rather than supply reduction.

Even with the spike in Shiba Inu burn activity, the scale remains small relative to the overall supply. The token still has a circulating supply of 589,160,234,332,044 SHIB.

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A Look Into The Price Impact

Shiba Inu’s price saw a rise of 3.71% over the past 24 hours. The meme coin was trading at $0.000006041 during press time. This modest gain does not match the jump in burn data.

SHIB, in terms of price, has encountered a fairly good month. The asset surged by nearly 12%. Despite this and numerous efforts to boost its price by the community, SHIB remains 93.17% below its all-time high of $0.00008845.

In other bearish news, on-chain data shows exchange reserves trending higher in recent weeks. This suggests that tokens are still moving into trading platforms. This can point to potential selling pressure instead of sustained scarcity.