The famous Shibburn coin tracker has published the latest update on its website. According to this data, $SHIB In total, the community has transferred nearly 5 million meme coins from the circulating supply of Shiba Inu in the past day.
Meanwhile, the second-largest meme coin is trying to recover from the 17.5% price crash it faced last week.
$SHIB 380% increase in burn injuries to 1 million people $SHIB burnt
The data sources mentioned above are the main $SHIB The combustion rate indicator increased by 380.45%. This significant growth was achieved thanks to a large amount of meme coins transferred to dead wallets – 4,804,534 $SHIB In total.
The list of write transactions shows that there were 5 write transfers in the last 24 hours. The largest carried 1,191,814 pieces $SHIB; 1,353,406 $SHIB and 1,887,367 Shiba Inu.
of $SHIB The community, in collaboration with the Shiba Inu team, has been conducting regular coin burns since 2021 to increase the total circulation. $SHIB Supply shrinks. Initially, $SHIB A team led by Ryoshi released 10 trillion Shiba Inu coins. However, in May 2021, a mysterious $SHIB Creator sent 500,000,000,000 $SHIB As a tribute to Ethereum founder Vitalik Buterin. $SHIB Operates on the Ethereum blockchain.
Over the weekend, Shiba Inu experienced a significant decline of just over 17%, dropping from $0.00000783 to levels of $0.00000646, mirroring Bitcoin’s recent sell-off. Since Saturday, the meme-inspired coin has managed to recover around 4% and is currently trading at $0.00000671.
top $SHIB Executives aren’t worried about Bitcoin price
The official marketing leader of the Shiba Inu team, known in the crypto industry as Lucy, commented on the catastrophe the crypto market is currently experiencing on her X account.
Noting the massive crash that has seen Bitcoin prices drop below $80,000 since Thursday, Lucy said: $BTC It fell from $68,000 to $26,000 and then rose back above $121,000. “I’m not too worried. Just pulling myself together,” she tweeted.
I came here from 68K $BTC up to 26K $BTC and return to 121K $BTCSo I’m not too worried.
I’m just trying to be careful.
And my paranoid mind dreams of reversals and spring bull markets. $SHIB 1000% up and running within 3 days.
Apparently her dreams are vivid 😁
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 1, 2026
She also joked that she fantasized about a crypto bull market coming and Shiba Inu soaring 1,000% in just three days. Bitcoin also recovered slightly today and is currently trading at $77,498.
