Record-breaking SHIB tokens destroyed, single transaction sees over 600 million coins Burned, triggering a 16,717% surge in a significant metric

Record-breaking SHIB tokens destroyed, single transaction sees over 600 million coins Burned, triggering a 16,717% surge in a significant metric

In the ever-evolving world of cryptocurrency, the Shiba Inu (SHIB) community continues to make waves with its ongoing token burn activities.

Last month, the SHIB team, led by Shytoshi Kusama, launched a decision-making poll for the future direction of SHIB and BONE burns. This poll, connected to the layer-2 network, Shibarium, where a portion of gas fees paid in BONE are set aside for burning, has seen active participation from the SHIB and BONE holders.

Recent data reveals that the Shiba Inu community has reduced the Shiba Inu meme cryptocurrency's circulating supply significantly. Over the past 24 hours, the army of SHIB holders successfully burned 602,041,022 SHIB, a staggering 16,717.70% increase in the burn rate compared to the previous day.

However, the daily burn rate has experienced significant fluctuations. Around July 25, the burn rate skyrocketed by 2,753%, with over 6.4 million SHIB tokens burned in one day. Yet, data from July 26 shows a sharp 95.08% drop in the daily burn rate, with less than half a million SHIB tokens burned that day. Despite this dip, weekly burns still amounted to approximately 34.5 million SHIB tokens—a 70.78% decrease over the previous week.

The total SHIB removed from circulation since inception is about 410.75 trillion tokens, roughly half the original quadrillion supply.

The Shibarium burn poll is still ongoing, with roughly 265,000 BONE tokens used so far. Users can choose between burning only SHIB tokens, burning BONE, or a combination of both. The burning process takes place after a certain amount of BONE is collected.

Interestingly, the majority of votes have been cast for the "BONE ≤ $2 burning BONE, BONE > $2 burning SHIB" option. The burning of tokens is carried out by transferring them to unspendable wallets forever, as seen in a single transfer carrying 600,701,531 SHIB.

These data indicate volatile but ongoing burn activities in the Shiba Inu ecosystem, with community involvement in decisions about token burns through Shibarium-related polls. The Shiba Inu community's commitment to reducing the total supply and increasing scarcity continues to shape the future of this popular meme coin.

[1] U.Today, "Shiba Inu Burn Rate Skyrockets by 2,753% in 24 Hours: What's Behind the Spike?", July 2025. [2] U.Today, "Shiba Inu Burn Rate Drops 95.08% in 24 Hours: What Happened?", July 2025. [3] U.Today, "Shiba Inu Burn Rate Plunges 96.89% but Weekly Burn Surges: What's Going On?", July 2025.

1. In the ongoing crypto trading landscape, the Shiba Inu community's decision to burn tokens, particularly SHIB and BONE, is a significant move shaping the future of popular finance, especially meme coins like SHIB.
2. The recent surge in gas fees associated with the layer-2 network, Shibarium, has triggered a portion of these fees to be set aside for burning BONE tokens, contributing to the token burn activities in the Shiba Inu ecosystem.
3. Investors and holders of SHIB and BONE have actively participated in decision-making polls related to token burns, showcasing their commitment to reducing the circulating supply and increasing scarcity of these cryptocurrencies.
4. Despite the volatility in the burn rate, the Shiba Inu community has successfully burned a substantial amount of SHIB tokens (approximately 410.75 trillion since inception), reducing the total supply and potentially impacting the coin's value in the long run.

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