361 billion SHIB yanked off centralized exchanges over the weekend, potentially starving sell-side liquidity.
The popular canine meme coin Shiba Inu (SHIB) saw stupendous outflows of tokens from popular centralized exchanges (CEXs) over the past weekend. This was matched with a massive uptick in Shiba Inu coin burns on Monday, inducing deflation the SHIB Army’s been waiting for.
Accounting for 30,362,035 Shiba Inu (SHIB) tokens set ablaze in 24 hours, the daily burn rate just towered by 3952.99%, raising enthusiasm among SHIB custodians on X. On the other hand, SHIB’s official burner account has been absent since January 9, 2026, which could hint at a structure change.
Here’s How SHIB Burns Help Shiba Inu’s Price
Shiba Inu’s Layer-2 Shibarium developers assured that periodical burns of garnered BONE fees would be dedicated towards eliminating Shiba Inu’s massive supply. Currently at 585.4 trillion tokens, SHIB’s remaining supply might still be amongst the largest in crypto’s TOP 30 by global market cap.
However, it’s far less than the original 999 trillion Shiba Inu coin supply when the iconic meme coin launched in 2020, hitting the mainstream roughly a year later. Bone ShibaSwap (BONE) serves as the alternative token in Shibarium’s ecosystem, responsible for gas fee collection, part of which is allocated towards burning SHIB.
Shiba Inu’s 361 Billion Weekend Outflows Stun Markets
In other related Shiba Inu news, the total exchange reserve has dropped by 361,380,965,000 tokens. CryptoQuant’s real time data reports this figure to be sitting at 82.2 trillion, dropping from 140 trillion during the same time period last year. The supply crunch on exchanges (CEXs) responds to two key factors.
First of all, there’s a lack of speculative interest in Shiba Inu (SHIB), as both Spot & Futures markets didn’t produce more than $250 million on most days in 2025. On the other hand, Shiba Inu’s long-term holders have continued to gradually rise, so the drop in speculative interest also serves as a sign of long-term holding.
Moreover, Shibarium’s team has constantly advised to use decentralized self-custodial crypto wallets instead of letting your digital assets into a major exchange’s custody. Despite the all-around DeFi push, Shibarium L2 took a hit last year with the Plasma bridge hacking – the incident served a reputational hit, despite the dev team’s good will with the ‘SHIB Owes You’ reimbursement plan.
The victims of the $4M Plasma bridge hack saw a remedy for their hassle, but the overall Shibarium DeFi activity hasn’t been exactly soaring. The total value locked (TVL) slumped from $6.29 million the same time last year to just $652K now. This directly impacts the Shiba Inu burns, as DefiLlama’s data has shown no BONE fees collected yet this Blue Monday.
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