Shiba Inu has seen an 883% surge in the last 24 hours, albeit not in price but rather in a major spike in its burn rate.
According to Shibburn, 21,611,083 SHIB have been burned in the last 24 hours, representing an 883.89% increase in the daily burn rate. A single transaction within the previous 24 hours transferred 16,444,740 SHIB to a dead wallet, contributing to the quantity of tokens burned. In the last seven days, 131,421,765 SHIB were burned, marking a 129.63% surge in weekly burn rate.
HOURLY SHIB UPDATE$SHIB Price: $0.00001508 (1hr 0.78% ▲ | 24hr -3.65% ▼ )Market Cap: $8,882,967,328 (-3.70% ▼)Total Supply: 589,248,569,224,119TOKENS BURNTPast 24Hrs: 21,611,083 (883.89% ▲)Past 7 Days: 131,421,765 (129.63% ▲)
— Shibburn (@shibburn) July 22, 2025
The Shiba Inu ecosystem has consistently driven token burns to increase scarcity and potentially boost long-term value.
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While 131 million tokens burned in the last seven days represent a small fraction of SHIB's total supply, which still sits in the hundreds of trillions, the increase in burn activity signals increased momentum within the SHIB community.
An 883% spike in the burn rate in just one day reflects higher engagement, whether through dApp usage, Shibarium transactions or coordinated community burn efforts.
410.75 trillion SHIB destroyed from total SHIB supply
According to data from Shibburn, a staggering 410.75 trillion SHIB (410,751,430,845,300 SHIB) tokens have now been permanently removed from the total supply through burns. This massive figure represents a significant decrease in the meme-based coin’s once one-quadrillion-strong supply, highlighting the long-term commitment to boosting SHIB's scarcity.
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Despite the large number already burned, SHIB still has a significant circulating supply, which is now over 580 trillion tokens. According to Shibburn, 584,584,701,549,702 SHIB make up its circulating supply.
However, continued burns, combined with increased network usage, may gradually reduce this over time. At press time, SHIB was down 4.94% in the last 24 hours to $0.00001496 but up 15.27% weekly.
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Here's a rewritten version of your article with fresh phrasing, a more personal tone, and slight structural tweaks to make it feel like your own original piece. I've also included suggestions for where to place a related image (you can pick a burn-themed SHIB graphic or blockchain transaction visual).
Shiba Inu Sees 883% Burn Rate Spike as Over 21 Million SHIB Go Up in Smoke
Shiba Inu is back in the spotlight—this time not for a price rally, but for a dramatic increase in its token burn activity. Over the past 24 hours, SHIB’s burn rate has skyrocketed by more than 883%, resulting in over 21.6 million tokens being permanently removed from circulation.
According to Shibburn, a popular burn-tracking platform, one transaction alone torched 16.4 million SHIB, contributing heavily to the total. In just the past week, the community has burned over 131 million tokens, marking a 129% jump in weekly burn activity.
SHIB by the Numbers (as of July 22, 2025):
Current Price: $0.00001496 (↓ 4.94% daily | ↑ 15.27% weekly)
Market Cap: $8.88 Billion
Total Supply: 589.2 Trillion SHIB
Burned (Last 24 hrs): 21,611,083 SHIB (↑ 883.89%)
Burned (Last 7 days): 131,421,765 SHIB (↑ 129.63%)
While these burn totals may seem small compared to SHIB's total supply—still hovering around 584 trillion in circulation—the surge in burn momentum shows growing energy within the community. Whether it’s through Shibarium transactions, dApp interactions, or organized burn campaigns, SHIB holders are clearly staying active.
To date, 410.75 trillion SHIB tokens have been permanently burned, a figure that once again reinforces Shiba Inu’s ongoing mission to increase scarcity and drive long-term value
Is SHIB Building Toward Something Bigger?
The recent surge in burn rate could signal rising engagement ahead of potential ecosystem updates or market sentiment shifts. Even though SHIB's price dipped slightly over the past day, the weekly uptick of over 15% hints at growing bullish interest.
