The #shibaInu (SHIB) community continues its ongoing initiative to reduce the token's circulating supply through regular burns—transferring coins to inaccessible “inferno wallets.” According to recent data from Shibburn, the $SHIB burn rate has experienced an extraordinary increase of over 1,693% in the past week, fueled by a significant one-time burn event.
Over 1 Billion #SHİB Tokens Burned
In the last seven days, a total of 1,042,699,761 SHIB tokens have been permanently removed from circulation. This surge was primarily driven by a massive burn of 1 billion SHIB, conducted by an anonymous wallet two days ago. It remains the most substantial single burn of the week.
Despite this aggressive burn activity, the overall circulating supply of Shiba Inu remains largely unaffected, currently standing at approximately 589.25 trillion SHIB.
Recent Burn Activity
According to Shibburn’s latest update posted on July 9, 2025:
Hourly Burn (past hour): 502 SHIB (via 1 transaction)
Daily Burn (past 24 hours): 11,125,729 SHIB (a 98.90% decrease)
Weekly Burn: 1,042,699,761 SHIB (up 1,639.70%)
The most recent significant burn after the major 1 billion SHIB transaction involved approximately 10 million SHIB, which occurred roughly 22 hours ago. Combined, daily burns reached over 11.19 million SHIB, although this figure marks a steep decline compared to the high volume earlier in the week.
Market Overview
At the time of reporting:
SHIB Price: $0.00001195
24-Hour Price Change: +1.44%
Market Capitalization: $7.04 billion (up 1.42%)
Total Supply: 589,248,746,682,927 SHIB
Conclusion
While the recent spike in the SHIB burn rate demonstrates the community's commitment to supporting the token’s deflationary mechanics, the impact on the overall supply remains minimal. Nonetheless, these efforts may contribute to long-term scarcity and potential price appreciation, assuming continued demand and utility within the Shiba Inu ecosystem.
