Over 6 Million SHIB Removed From Circulation In 24 Hours

Millions of SHIB disappear from the market again. Within 24 hours, more than 6 million tokens have been sent to burn addresses, immediately reigniting speculation about the deflationary potential of the memecoin. While activity picks up on several major platforms, the Shiba Inu community continues to bet on scarcity to support investor interest. A strategy that is central to discussions in a crypto market always seeking new catalysts.

More than 6 million SHIB sent to inactive wallets

While crypto attracts traders’ attention again, Shiba Inu recorded a new massive burn over the last 24 hours. According to data reported by the Shibburn platform, exactly 6,079,210 SHIB were sent to burn addresses, permanently removing these tokens from circulation.

Thus, the daily burn rate increased by 37.28 % during this period. This new operation is part of a deflationary strategy pursued for several years by the SHIB community to gradually reduce the supply available on the market.

The main figures provided by Shibburn illustrate the magnitude of the phenomenon :

• 33,555,505 SHIB were burned over the last seven days ;
• 197,397,403 SHIB were destroyed over the last thirty days ;
• 410,839,970,136,820 SHIB have disappeared from circulation since the project’s creation ;
• This quantity represents more than 41 % of the initial SHIB supply ;
• The estimated valuation of the burned tokens reaches about 7.35 billion dollars.

The weekly burn rate remains down 40.56 %. This indicates that the pace of destruction remains variable depending on market periods.

SHIB maintains strong activity in Asian markets

Beyond token destruction mechanisms, it is important to highlight the strength of demand for SHIB on certain major platforms. In India, the token ranks among the most traded cryptos on the WazirX exchange in April. Shiba Inu holds second place behind Bitcoin, ahead of assets such as Ethereum, Dogecoin, or XRP. This activity confirms that the memecoin maintains a particularly active user base in several emerging markets, despite the sector’s persistent volatility.

Such dynamics have been accompanied by a slight rebound in the token’s price. Thus, SHIB increased by approximately 2 % over the last 24 hours and 3 % over the week, trading around 0.00000641 dollar. This improvement in market sentiment may be linked to the latest U.S. employment report, which indicated 115,000 jobs created in April in the United States. This macroeconomic context has temporarily helped support risk appetite for speculative assets, including memecoins.

However, reducing supply does not automatically guarantee a sustained rise in the SHIB price. Despite hundreds of trillions of tokens already destroyed, the remaining supply remains considerable. The Shiba Inu community continues to use burning as a central lever of its economic narrative, hoping to foster token scarcity in the long term. In a market where speculation and community strength play a major role, this strategy could continue to influence investor perception around the project.