SHIB Burn Data Overview

Data shared by popular data tracker Shibburn, which monitors SHIB burn transactions, has revealed significant reductions in SHIB’s circulating supply over the past day.

SHIB Prices Rise

The SHIB price has recovered by over 5% as the crypto market stabilizes.

SHIB Burns Surge 1,306%

The SHIB community has successfully burned 30,156,987 SHIB in the last 24 hours, achieving an impressive daily burn rate increase of 1,306%. This was made possible by four transactions, with the largest being 18,910,211 SHIB and 10,326,663 SHIB.

In comparison, the previous day’s burn rate had surged by 107%. Over the past week, the total number of SHIB burned amounts to 142,062,714, showing a productivity level five times greater than the daily burn rate.

> ### HOURLY SHIB UPDATE
> $SHIB Price: $0.00001434 (1hr -0.55% ▼ | 24hr 0.35% ▲)
> Market Cap: $8,447,369,087 (0.34% ▲)
> Total Supply: 589,255,346,351,380
> TOKENS BURNT
> – Past 24 Hours: 30,156,987 (1306.07% ▲)
> – Past 7 Days: 142,062,714 (50.8% ▲)
> — Shibburn (@shibburn) February 27, 2025

Crypto Market Recovery

The cryptocurrency market has started to recover after a week of decline. CoinMarketCap reports that most top currencies have returned to positive territory.

Bitcoin has risen by 2.45% following a drop from $89,100 to $83,750 on February 26. Ethereum followed suit with a similar rise after an 18% decline earlier in the week.

Shiba Inu has recovered 9.77% since Tuesday and around 5% in the last 24 hours after experiencing a 15% drop earlier in the week.

This collapse was initially triggered by the upcoming US import tariffs affecting Canada and Mexico, which take effect on March 4, and uncertainties surrounding the Federal Reserve’s stance on interest rates.