Shiba Inu Investors Torch Coins at Blistering Rate – But Wait, There’s Still More!

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If you’ve been wondering what the SHIB community has been up to, the answer is delightfully pyromaniacal: they’ve taken to setting vast quantities of their beloved dog-inspired coins ablaze. Yes, it’s the financial equivalent of tossing your loose change into the fireplace—but with considerably more emojis and puzzling optimism. 🔥🐶

Today, for reasons that likely make sense if you’ve spent at least nine months living under a rock embroidered with “Web3,” SHIB’s burn rate rocketed skywards in, frankly, alarming fashion. A beastly mountain of meme coins was hurled into “inferno wallets”—places so remote and final they make Siberian winter look welcoming. Yet, despite these herculean efforts, SHIB supply continues to loom over the crypto landscape—a number so prodigious you’d need a whiteboard and several nervous breakdowns to count it: a paltry 589,248,746,682,927 SHIB remain. Or, as mathematicians call it: “a lot.”

Burn Rate Explodes 1,639% – 1 Billion SHIB Roasted Like Marshmallows

The ever-watchful Shibburn tracker—sort of like NORAD, if NORAD was obsessed with a dog meme—says the past week saw the SHIB burn rate jump by a face-melting 1,693.7%. That’s right: the dog coin people said, “To heck with this,” and forever vanished 1,042,699,761 SHIB from our digital universe—a sum large enough to make you ponder your own choices in life.

HOURLY SHIB UPDATE
$SHIB Price: $0.00001195 (1hr -0.07% ▼ | 24hr 1.44% ▲ )
Market Cap: $7,037,866,868 (1.42% ▲)
Total Supply: 589,248,746,682,927

TOKENS BURNT
Past hour: 502 (1 transaction)
Past 24Hrs: 11,125,729 (-98.90% ▼)
Past 7 Days: 1,042,699,761 (1639.70% ▲)

— Shibburn (@shibburn) July 9, 2025

Of course, the real headline here was the appearance of some anonymous crypto philanthropist—or prankster—who two days ago gleefully fried 1,000,000,000 SHIB in one go. One assumes their finger slipped, but the deed is done. Since then, the single most exciting inferno was just over 10 million SHIB (which, in SHIBland, is almost quaint).

All told, in the past day, the community torched 11,195,149 SHIB. That sounds impressive until you realize the burn rate has plummeted by—brace yourself—98.89%. If cryptocurrencies ever get a national holiday, this week’s festivities would be sponsored by s’mores. 🥳

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2025-07-09 15:44