Altcoins News
By Julie Binoche
1 / 15
Who's Actually Burning SHIB. Pull back the lens and the platform breakdown gets interesting.
2 / 15
Clarity Act Senate Vote Looms Over SHIB. The burn data isn't the only thing SHIB holders are watching right now.
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Shiba Inu's burn numbers collapsed. Only $29 worth of SHIB — 5.33 million tokens — left circulation in the past 24 hours, a 24.95% drop from the day before.
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The data comes from the Shibburn tracking page, which logs every transaction sending SHIB to dead wallets — addresses nobody controls and nobody can ever access.
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Coinbase led the charge on a monthly basis.
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Pull back the lens and the platform breakdown gets interesting. Coinbase burned 35,590,107 SHIB across 17 transactions.
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The deflationary model is pretty much the core thesis for SHIB holders who believe scarcity will eventually push price higher. Whether that math works out is a separate debate.
8 / 15
Still, 5.33 million tokens burned in a day is slow by any standard.
9 / 15
The burn data isn't the only thing SHIB holders are watching right now. The Clarity Act is headed for a Senate floor vote on Tuesday, and it's kind of a big deal for the broader…
10 / 15
More context: XRP Stagnates as 93% ETF Inflow Drop Signals CLARITY Act Anxiety
11 / 15
What's the Clarity Act actually trying to do? Basically, it draws clearer lines between which digital assets count as commodities and which are securities.
12 / 15
SHIB is specifically named among 16 digital assets recognized by both the SEC and the CFTC. It sits alongside Bitcoin, Ethereum, and XRP on that list. That's not nothing.
13 / 15
The Senate vote outcome is genuinely unclear. Approval isn't guaranteed, and the bill's path through the full chamber could get bumpy.
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What makes the timing interesting is the contrast. On one hand, SHIB's 24-hour burn rate just fell nearly 25%.
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More context: Senates CLARITY Act Faces Critical Vote After Intense Bipartisan Negotiations
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