The SHIB community continues to reduce Shiba Inu’s distribution supply with the regular daily relocation of meme coins to “Inferno Wallets.”
Today, Shiv’s burn rates show a four-digit rise as mammoth amounts of meme coins were trapped in dead-end wallets. Still, there are no major dents in Shiv’s overall circulating supply. There are still 589,248,746,682,927 shivs circulating through the cryptocurrency market.
Burns were 1,639%, 1.042 million Shiv torched
The popular wallet tracker Shiv Burn reports that over the past seven days, Shiv’s burn rate has skyrocketed at an impressive 1,693.7%. This was possible thanks to an astounding cumulative burns of 1,042,699,761 Shivs.
Hourly Shib Update $shib Price: $0.00001195 (1 hour – 0.07%▼ | 24 hours 1.44%▲)
Market capitalization: $7,037,866,868 (1.42%▲)
Total supply: 589,248,746,682,927The token burned
Last 1 hour: 502 (1 transaction)
Last 24 hours: 11,125,729 (-98.90%▼)
Last 7 days: 1,042,699,761 (1639.70%▲)– Shibburn (@shibburn) July 9, 2025
Details shared by Shibburn reveal that 1,000,000,000 mammoth burns took place two days ago by an anonymous wallet. So far, the largest amount of meme coins was 10,061,416 shivs about 22 hours ago.
This has recently resulted in a total of 11,195,149 daily burns. However, prices fell 98.89% compared to Tuesday.
