Over the past week, the SHIB community has managed to achieve significant progress in removing SHIB meme coins from the supply that is circulating the market — a 10-figure amount of SHIB has been burned.
As for daily burns, there has also been a significant rise, though it is only in the four-digit percentage range.
1.3 billion SHIB burned within week
According to data provided by the “Shibarium/BONE updates” (@Shibizens) affiliated with the Shiba Inu team, over the past seven days, the SHIB community has succeeded in burning a staggering chunk of meme coins comprising 1,338,380,740 SHIB.
The tweet revealed that this constitutes a 2.1% rise from the week before. The most recent burn took place on July 3, and this transaction moved 12,952,197 SHIB to an unspendable blockchain wallet.
ShibTorchCommunity Burn Portal🔸 Total Burned: 1,338,380,740 SHIB (↑ 2.10% from last week)🔸 Last Burn: 12,952,197 SHIB (July 3, 2025)Trigger and watch tokens get burned. pic.twitter.com/rE9w7yH2pG
— Shibarium | BONE 🍖 Updates 📢 (@Shibizens) July 4, 2025
All of these burns were conducted through the community burn portal ShibTorch located on the official SHIB website and powered by layer-2 blockchain network Shibarium. All burns on Shibarium are performed thanks to a portion of gas fees (paid in BONE tokens) being set aside automatically. Once a certain sum in BONE collects, it gets converted into SHIB, and those SHIB coins are sent to dead-end wallets.
Daily burns surge 4,063.59%
More good news is that another SHIB burn tracker, Shibburn, spread the word about a significant increase in the token burn metric. Over the past 24 hours, the SHIB community has burned enough coins to propel this metric by 4,064%.
That was possible thanks to destroying 13,452,570 SHIB coins. A total of 13,152,197 SHIB from this amount was transferred to an inferno wallet in a single move by an anonymous crypto whale.
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SHIB declines after 8.5% spike
Overnight, the price of the second-largest meme cryptocurrency, Shiba Inu, has demonstrated a decline of 4%, losing the $0.00001209 level. This fall happened after a notable price increase of 8.5% on Friday, when SHIB rose from $0.00001115.
Overall, over the past few days, SHIB has been testing the $0.00001201 resistance level and managed to break through it only on Friday but then quickly slumped back. At press time, the asset is changing hands at $0.00001157.
