Overview

• Shibburn reported about 1,070,011 SHIB destroyed in the past 24 hours, reflecting a 1,431% surge in the daily burn rate.
• SHIB traded around $0.000013 with a roughly $7.7 billion market cap as 24‑hour volume fell, showing little price lift from the burn spike.
• Shiba Inu confirmed a security breach on its Shibarium network with approximately 4 trillion SHIB stolen and posted a 50 ETH bounty for the return of funds.
• On-chain whale activity intensified, with more than 7 trillion SHIB moved, including a 512 billion SHIB transfer from Kraken to undisclosed addresses.
• Shibarium transaction counts have trended lower since late August, dropping below the 4 million daily mark, according to Shibariumscan.