Robinhood and Coinbase Among Top 10 Shiba Inu Burners in August as Community Burns 588M SHIB
The Shiba Inu community continued to reduce the circulating supply of $SHIB in August 2026, burning more than 588 million tokens throughout the month.
According to data from community burn tracker Shibburn, the community burned a total of 588,207,327 (588.2 million) Shiba Inu in August. Despite removing hundreds of millions of tokens from circulation, the monthly burn rate declined by 6.14%.
Total $SHIB Burn in August
The August burn figure marks a significant decline from the previous month. In July, the Shiba Inu community burned 3.24 billion $SHIB, sending the monthly burn rate soaring by 1,395%. However, burn activity slowed considerably in August, with only 588 million $SHIB destroyed throughout the month.
Top Shiba Inu Burners in August
Meanwhile, WoofSwap V3 emerged as the largest identified $SHIB burner. The platform sent 194,011,566 (194.01 million) $SHIB to the burn address across 17 transactions, accounting for a substantial portion of the month’s total burns.
An unknown wallet ranked second after burning 107.39 million $SHIB in a single transaction. Another unidentified wallet, 0x3f8, also contributed significantly by transferring 40 million $SHIB to the burn address in one transaction.
Additionally, two other unidentified wallets, 0x781 and 0x9c8, collectively burned more than 59 million $SHIB across 81 transactions.
CEX.IO, Robinhood, and Coinbase Join Top $SHIB Burners
Users and activity associated with major cryptocurrency exchanges also contributed to August’s burn figures.
CEX.IO moved 61.41 million $SHIB to the dead wallet across five transactions, potentially reflecting activity involving its users. Similarly, Robinhood transferred 39.04 million $SHIB to the burn address through 101 transactions. The high transaction count suggests that the burns occurred through numerous separate transfers, potentially involving user activity.
Meanwhile, ShibLaunchpad sent 23.18 million $SHIB to the burn address across 28 transactions. Another unidentified wallet, 0xe501, burned approximately 23 million $SHIB through 14 transactions.
Coinbase rounded out the reported top 10 Shiba Inu burners, transferring 17.28 million $SHIB to the dead wallet across 11 transactions.
Top 10 $SHIB Burners
$SHIB Burn Activity Remains Limited in September
Despite the substantial number of tokens destroyed in August, burn activity has remained relatively subdued at the start of September, with zero burn reported so far.
Over the past 24 hours, only 841,225 $SHIB tokens, worth roughly $4, have been burned, while the community has destroyed 45.98 million $SHIB over the past week. Meanwhile, Shiba Inu trades at $0.000005096, up 1.02% over the past 24 hours but down 7.78% over the past week.