The Shiba Inu community is actively reducing the circulating SHIB supply through regular burns, with 20.3 million SHIB removed last week. However, the SHIB price has recently declined by 1.67%, following Bitcoin’s drop of 2.4%.
20.3 Million SHIB Dissolved from Supply
A recent report from Shibburn revealed that the Shiba Inu community burned 20,311,173 SHIB over the past week, increasing the weekly burn rate by 43.66%. Despite this, the daily burn rate plummeted by 97.15%, with only 69,808 SHIB burned in the last 24 hours.
> Hourly SHIB Update
> SHIB Price: $0.00001229 (1 hr -0.15% | 24 hr -0.08%)
> Market Cap: $7,242,999,177 (-0.06%)
> Total Supply: 589,247,711,761,922
> Tokens Burnt:
> Past Hour: 69,613 (2 transactions)
> Past 24 Hours: 69,808 (-97.15%)
> Past 7 Days: 20,311,173 (43.66% increase)
> — Shibburn (@shibburn) September 6, 2025
SHIB Price Decline
Recently, SHIB’s price dropped by 1.67%, likely due to Bitcoin’s decrease of 2.4%. During the past 24 hours, SHIB struggled to exceed the $0.00001248 resistance level after an initial rise of 3.83%. Currently, SHIB is valued at $0.00001225.
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