u.today
Shibburn blockchain tracker, which publishes daily and weekly changes in the $SHIB burn rate, has shared that over the past seven days the $SHIB community has managed to remove an impressive $SHIB batch from the market — several tens of millions of meme coins.
In the meantime, during the past few days, $SHIB managed to peak, registering substantial price growth but then letting it drop, still ending this week 6% higher than when it only started.
58.3 million $SHIB coins burned
According to a recently published tweet, over the past week, the $SHIB community has managed to destroy 58,303,050 Shiba Inu coins in total. However, the weekly burn rate is still 20.77% down compared to the previous week.
As for the daily burn rate, it is deep in the red zone too, displaying a 95.02% decline with less than a million coins transferred to unspendable wallets: 708,198 $SHIB.
HOURLY $SHIB UPDATE$SHIB Price: $0.00001672 (1hr 0.18% ▲ | 24hr 0.62% ▲ )
— Shibburn (@shibburn) February 15, 2025
Market Cap: $9,851,826,381 (0.50% ▲)
Total Supply: 589,255,567,633,624
TOKENS BURNT
Past 24Hrs: 708,198 (-95.02% ▼)
Past 7 Days: 58,303,050 (-20.77% ▼)
As reported by U.Today, on Friday, the $SHIB burn rate printed a surge of 2,005% with 14,279,657 $SHIB gone from circulation for good. The single largest burn transfer yesterday constituted 13,000,911 $SHIB.
By now, in total, since 2021, a whopping 410,744,432,366,375 $SHIB meme coins has been transferred to unspendable wallets, i.e., burned.
$SHIB price performance
Between Wednesday and Friday, the second most popular meme-themed cryptocurrency $SHIB staged an increase of roughly 10%, soaring from $0.00001554 and hitting the local high of $0.00001704.
The meme coin touched on this price level twice — Thursday and Friday — in a bold attempt to leave it behind and go higher. By now, though, $SHIB has seen a drawdown of 2.7% and is trading at $0.00001661 per coin.