The SHIB team continues to push meme coins out of the circulation. Data shared by the popular Wallet Trackersive Burn revealed a major four-digit surge in burn rates in past days. This was possible thanks to millions of Shivcoins burned during this period.
Meanwhile, Shiv experienced a sudden, severe crash of 5.2% after rising more than 10% overnight. At the time of writing, Shiv has changed hands at $0.00001444 per coin.
Shiv burns 1,866%
According to the aforementioned data source, the amount of meme coins transferred to the wallet that you do not pass over in the last 24 hours (meaning that these coins are currently out of the circulating supply forever) constitutes 15,209,808 shiv. This was a key driver that increased Shiv’s burn rate by an impressive 1,868%.
There have been three burn transactions so far, two largest transactions consisting of 14,481,593 shives and 708,215 shives. They happened within just 2 hours.
Hourly Shib Update $shib Price: $0.00001474 (0.24% per hour ▲| 4.52% per hour ▲)
Market capitalization: $8,688,915,403 (4.55%▲)
Total supply: 589,252,015,493,647The token burned
Last 24 hours: 15,189,808 (1866.18%▲)
Last 7 days: 85,033,983 (-40.38%▼)– Shibburn (@shibburn) April 26, 2025
Siv Token Burns is regularly carried out with the goal of reducing circulating supply until the time Shiv becomes a rare asset. In theory, it could increase the price significantly.
Now, according to Shivbaan’s website, 410,747,984,526,352 Shivs are burned in total from the first one-time supply of coins. 4,838,488,721,699 Shiv is bet on various exchanges and debt protocols, but 584,413,526,751,947 island inu coins are circulating.
SHIB Team Issues Warn about Shaved Siberium
Shib-Affiliated X account “Shibarium Updates” (@shibizens) has issued a statement warning the global Shiba Inu community. The X post reminded everyone that whenever new use cases for major shyborium coins such as bones and SHIB are announced, this utility is always directly accessed if it is announced by the Real SHIB team.
If token utilities like Bones and SHIB are announced, they should be directly accessible without requiring users to purchase additional assets.
In the case of utility burning, participation usually involves paying a small fee to the bone to access the function.
dyor
– April 26, 2025, Shibarium Updates (@shibizens)
This is a red flag if the user is offered to purchase additional assets to access the utility. “Dyor” warns that it is “Dyor,” abbreviation for “Do Your Own Research.” This is a popular acronym among cryptocurrency enthusiasts. The only exception here is that Shib Burns get burned with Shibarium, according to the tweet, bones are the tokens for gas prices for this network. 30% of the cost is converted to SHIB, with dead-end wallets, or burns.
