Shib Token Burning Spikes by an Overwhelming 468,968.85%, Wiping Out Millions of Coins from Circulation
Catch the Latest Shiba Inu News on Google News * 18,851,865 SHIB Tokens Burned in 24 Hours* SHIB Price Remains Steady Amidst Market Volatility
The Shiba Inu (SHIB) team has recently and repeatedly sent millions of SHIB tokens to dead wallets, as per data from Shibburn, their blockchain tracker.
With approximately 584 million SHIB left circulating, this practice underscores the team's persistent commitment to their token burn strategy, which aims to regulate SHIB's market value.
Record 18.8 Million SHIB Burned
As indicated by the data, a whopping 18,851,865 tokens were incinerated over the past 24 hours, leading to a jaw-dropping 468,968.55% surge in the token burn rate.
Ripple Discloses XRP Holdings, Major Crypto Bill, and More
This monumental increase in the token burn rate represents a notable recovery in this significant metric, as the ecosystem previously witnessed alarmingly low token burn rates in previous days. The exponential surge indicates increasing enthusiasm among SHIB holders and burning initiatives.
According to the data, the major Shib burns over the past day transpired in only four transactions.
Massive Sell Wall of 35 Trillion SHIB Emerges
While the burn rate was minimal in the early hours, a massive 16.5 million SHIB were sent to a dead wallet in one transaction, triggering the token burn rate to soar from the 4-digit range to a 6-digit surge within an hour.
The escalated burn rate signals a sudden spike in investor interest, spurring an increase in demand for the token, thereby justifying the team's decision to fuel scarcity by obliterating more tokens, implying a potential surge in its market value.
Although several factors might be behind the bold action, the increased SHIB token burn also illustrates heightened community engagement and expanding ecosystem.
Unwavering SHIB Price amid Market Volatility
In spite of the massive burn, the price of SHIB has shown remarkable resilience, remaining close to $0.000012 despite the upheaval observed in the broader crypto market.
According to CoinMarketCap, Shiba Inu has only dipped by 0.26% over the past 24 hours, resting steadily at $0.00001272 as of press time. However, the token has witnessed a notable increase in trading volume of 14.42%, signifying active community involvement and brisk trading activities.
#ShibuInu
The Impact of Token Burns
Shiba Inu's burning mechanism has experienced sharp increases recently. For instance, in May 2025, the burn rate escalated over 4,800% in a single 24-hour period, obliterating more than 15.8 million SHIB tokens from circulation. Over time, these community-driven burns have annihilated over 410 trillion tokens from the original supply of one quadrillion SHIB, leaving around 589 trillion tokens still in circulation. In the past week, the burn rate surged by 364%, destroying over 330 million tokens in just seven days.
This continuous token annihilation diminishes the floating supply, theoretically boosting scarcity, an essential factor in supporting price growth over time. The amplified burn rates have generally coincided with favorable price movements and increased trading volume, leading to an average price growth of around 10% and renewed bullish momentum during periods of uncertainty within the broader crypto market.
While token burns are not a direct catalyst for price growth, they tend to exacerbate gains when combined with rising demand and trading activity. Analysts suggest that the burn activity mirrors growing community engagement, reinforcing the token's deflationary narrative, and cultivating investor confidence, thereby contributing to price stability by counteracting inflationary pressures.
However, despite the promising short-term trends, the market may still be undergoing testing and searching for solid support levels before confirming prolonged bullish momentum. Sustained price increases and stability necessitate continued token burns alongside broader adoption, acceptance, and increasing utility of SHIB.
In essence, the escalating Shiba Inu token burn rate reinforces the token's market value by reducing supply, fueling bullish sentiment, and propelling price stability, although sustained growth hinges on expanding the ecosystem and increasing demand for the token.
- The surge in the Shiba Inu token burn rate, with 18,851,865 tokens incinerated in 24 hours, may be a sign of increased enthusiasm among SHIB holders and burning initiatives, indicating a potential growth in the token's market value.
- In line with the team's token burn strategy, the Shiba Inu team has been sending millions of SHIB tokens to dead wallets, underscoring their commitment to reducing the token's supply and potentially supporting price growth over time.
- With the sharp increase in the Shiba Inu token burn rate, investor interest seems to be escalating, leading to an increase in demand for the token, and justifying the team's decision to fuel scarcity by obliterating more tokens. This suggests a potential surge in the token's market value, assuming sustained community engagement and expanding ecosystem.
