The Shiba Inu (SHIB) community has once again shown its strength – in just one day, more than 1.6 million SHIB tokens were permanently removed from circulation, pushing the burn rate into four-digit territory.


🔥 SHIB Burn Explosion

According to the latest update from Shibburn, the burn rate skyrocketed by 2,196.63% over the last 24 hours. The largest single transaction of the day burned more than 1.19 million SHIB, permanently transferring them to unusable blockchain addresses.

Over the past week, the community burned a total of 72.26 million SHIB – a 29% decrease compared to the previous week – but the pace of daily transactions suggests that activity is heating up again.

📊 Hourly SHIB Data (August 20, 2025):

  • Price: $0.00001227 (24h: –2.04%)

  • Market Cap: $7.22 billion (–2.11%)

  • Total Supply: 589.24 trillion SHIB

  • Burned in 24h: 1,606,561 SHIB (+2,196%)

  • Burned in 7 days: 72,264,101 SHIB (–29%)


📉 SHIB Price Follows Bitcoin

Despite the impressive token burns, Shiba Inu’s price has recently taken a hit. Since last week, SHIB has dropped by roughly 13% from its local high of $0.00001417.

The main driver of this downturn has been Bitcoin, which fell by 8.32% over the past week, dragging the broader crypto market down with it. At the time of writing, BTC is trading just under $114,000, while SHIB is hovering at $0.00001226 (–3.22% over the past 24 hours).

✨ Summary:

The Shiba Inu community continues to prove its ability to burn massive amounts of tokens, reinforcing the long-term scarcity narrative of SHIB. However, short-term price action remains tied to the broader market sentiment, heavily influenced by Bitcoin. The big question now is whether this surge in activity hints at an upcoming trend reversal.


#SHIB , #shibburn , #memecoin , #Shibarium , #CryptoCommunity

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