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Shiba Inu has seen its total supply drop by 46,235,753 $SHIB tokens as the Shiba Inu community sends tokens to dead wallets.
According to Shibburn, 46,235,753 $SHIB tokens were burned in the last seven days, resulting in a 1,983.45% spike in weekly burn rate. In the last 24 hours, a total of 11,052,930 $SHIB tokens were burned, albeit with no impact on the daily burn rate, which stood at 0%.
The impact of 46,235,753 $SHIB tokens burned in the last seven days is felt as the total Shiba Inu supply drops.
HOURLY $SHIB UPDATE$SHIB Price: $0.00000702 (1hr 0.07% ▲ | 24hr -1.73% ▼ )
— Shibburn (@shibburn) December 24, 2025
Market Cap: $4,139,159,248 (-1.79% ▼)
Total Supply: 589,246,045,731,990
TOKENS BURNT
Past 24Hrs: 11,052,930 (0% ▲)
Past 7 Days: 46,235,753 (1983.45% ▲)
Shiba Inu's total supply is now 589,246,045,731,990 $SHIB according to Shibburn, a drop from the initial one quadrillion $SHIB tokens at its inception. While Shiba Inu's total supply still stands at a massive 589 trillion tokens, gradual $SHIB burns have steadily contributed to a drop in the Shiba Inu supply.
At press time, Shiba Inu was trading down 1.22% in the last 24 hours to $0.000007073 and down 8.62% weekly.
Trading volumes are light ahead of the Christmas holiday, with Shiba Inu trading volume dropping 8.7% in the last 24 hours to $88.58 million, according to CoinMarketCap data.
Shiba Inu tests $0.000007 support
The broader crypto market largely traded in red as investors hinted at risk-off sentiment ahead of the holidays. Bitcoin and major tokens slipped on Wednesday as the total crypto market value fell below $3 trillion to $2.94 trillion after another failed attempt to sustain a rebound.
Shiba Inu is extending its drop into the fifth day since Dec. 19, reaching an intraday low of $0.00000698. The market is closely watching $SHIB as it tests the $0.000007 level, where it saw a sharp rebound on Dec. 19.
If Shiba Inu successfully confirms $0.000007 as support, it might target the $0.00000765 high ahead of the $0.000008 level.
Investors are currently considering the Commerce Department data that showed the U.S. economy grew by 4.3% in the third quarter, which is its fastest pace in two years, with the stronger-than-expected number potentially complicating the Federal Reserve’s path on interest rates.
A majority of investors now expect rates to remain on hold until April, at which point the Fed will resume reductions.