Shiba Inu Burn Rate Surge

The Shiba Inu burn rate has recently witnessed a 3,464% spike, with 9,614,765 SHIB burned in a matter of hours.

According to Shibburn, 9,614,765 SHIB were burned in the last 24 hours, resulting in a significant surge in the daily burn rate.

> HOURLY SHIB UPDATE
> $SHIB Price: $0.00001238 (1hr -0.14% ▼ | 24hr 1.69% ▲)
> Market Cap: $7,290,625,900 (1.63% ▲)
> Total Supply: 589,247,910,639,779
>
> TOKENS BURNT
> Past hour: 69,420 (1 transaction)
> Past 24Hrs: 9,614,765 (3464.69% ▲)
> Past 7 Days: 23,387,171 (-96.30% ▼)
> — Shibburn (@shibburn) August 7, 2025

This sudden spike in SHIB burns has triggered attention in the SHIB community. While the amount burned may seem small relative to SHIB’s total supply, the large percentage rise in burn rate is attracting interest.

Several single transactions, each accounting for hundreds of thousands of SHIB, have contributed to the total burn figure. Although the identities of the sending wallets remain unknown, these coordinated burns often reflect strong community sentiment.

Meanwhile, 23,317,751 SHIB were destroyed in the last seven days. The prior week, the ecosystem had a 16,855.93% increase in the burn rate in one day, burning 602 million tokens.

A total of 410,752,089,360,220 SHIB has been burned from the cryptocurrency’s initial one quadrillion token supply. This leaves 584,612,601,558,519 SHIB in circulation.

SHIB Price Jumps 4%

Around press time, Shiba Inu was up 4% in the last 24 hours to $0.00001258, reflecting a broader rise in the crypto market.

Cryptocurrencies surged Thursday on speculation that Bitcoin and other digital assets could soon be added to 401(k) retirement plans.

An executive order allowing 401(k) accounts to invest in alternative assets such as private equity, real estate, and digital assets is expected to be revealed soon, marking a significant move to introduce private assets to defined-contribution plans.

Shiba Inu is currently battling resistance at the daily SMA 50 at $0.00001267, ahead of the daily SMA 200 at $0.00001375. If this level is surpassed, Shiba Inu might initiate its next uptrend. Conversely, support lies at $0.0000116.