The Shiba Inu community has witnessed a dramatic shift in the last few hours – more than 53 million SHIB tokens have been burned, and the burn rate has skyrocketed. Data from Shibburn, a platform tracking SHIB token burns, shows an explosive rise in activity that directly impacts the circulating supply of this popular meme cryptocurrency.
🔹 Burn Frenzy: 2,416% Increase in Just One Day
According to the latest stats from Shibburn, the SHIB burn rate soared by an incredible 2,416.44% in a single day. In total, 53,913,481 SHIB tokens were permanently removed from circulation and sent to “dead wallets,” making them inaccessible forever.
The biggest burn transactions were:
🔹 14,178,952 SHIB
🔹 23,068,929 SHIB
🔹 11,264,137 SHIB
While the burn rate saw an even higher percentage spike over the weekend – 22,662.92%, the actual quantity of burned SHIB on Saturday was lower at 37,959,900 SHIB. In contrast, today’s burn is significantly larger, pointing to a strengthening trend.
🔹 SHIB Rallies with Bitcoin – Price Climbs Nearly 5%
Thanks to the bullish sentiment and intensified burn activity, SHIB's price also saw a 4.8% surge, climbing from $0.00001408 to $0.00001476. This move followed Bitcoin’s trajectory, which rose by 2.43% over the past 24 hours and is now trading at $110,064, having broken out of the $107,500 zone.
This price increase wasn’t driven by community action alone – macroeconomic news played a role: the U.S. government officially announced a delay in the planned 50% tariff hike on EU goods. Originally set to take effect on June 1, the new tariffs have now been postponed until July 9, as confirmed by Donald Trump via his Truth Social platform.
🔹 Politics Meets Crypto: Von der Leyen’s Call Triggers Tariff Delay
The tariff delay reportedly followed a phone call between President Trump and Ursula von der Leyen, President of the European Commission, who requested the postponement. The move was well-received by both business leaders and crypto investors – reflected not only in Bitcoin’s rise, but also in SHIB’s bullish momentum.
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