Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
20,311,173 SHIB Burn Shakes Up Network With Massive Key Index Surge

20,311,173 SHIB Burn Shakes Up Network With Massive Key Index Surge

CryptoNewsNetCryptoNewsNet2025/09/06 22:40
By:u.today

The Shiba Inu community continues to gradually diminish the circulating SHIB supply by conducting regular burns. According to fresh data shared by the Shibburn portal, over the past week, a significant portion of these meme coins has been pushed out of circulation for good.

Meanwhile, over the past day, the SHIB price has displayed a mild decline after failing to continue the 1.9% rise on Friday.

20.3 million SHIB dissolved from supply

In a recent tweet, the aforementioned blockchain tracker revealed that over the past seven days, the Shiba Inu community has managed to dispose of a substantial meme coin batch as 20,311,173 SHIB were transferred to unspendable blockchain addresses.

This helped to drive the weekly burn rate by 43.66%, while the daily one has gone down by 97.15% due to a very small amount of SHIB burned over the past 24 hours. Since last morning, the community has so far managed to burn 69,808 SHIB.

HOURLY SHIB UPDATE$SHIB Price: $0.00001229 (1hr -0.15% ▼ | 24hr -0.08% ▼ )
Market Cap: $7,242,999,177 (-0.06% ▼)
Total Supply: 589,247,711,761,922

TOKENS BURNT
Past hour: 69,613 (2 transactions)
Past 24Hrs: 69,808 (-97.15% ▼)
Past 7 Days: 20,311,173 (43.66% ▲)

— Shibburn (@shibburn) September 6, 2025

SHIB price crashes following Bitcoin drawdown

In the meantime, the price of the prominent meme-themed asset, SHIB, has dropped mildly, losing 1.67% today. This price decline was likely triggered by Bitcoin’s drawdown as BTC sharply fell by 2.4% on Friday, losing the $113,250 mark and landing at $110,560. It has been moving in that price range so far. The decline happened in a single mammoth red candle on an hourly chart.

SHIB’s price fall, also marked by a huge red candle, followed a similar rise of 3.83% as the meme coin strove to surpass the $0.00001248 resistance level. At the time of this writing, SHIB is changing hands at $0.00001225.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Interviews for 11 Federal Reserve Chair candidates begin today—how will Trump choose?

The list of candidates for the Federal Reserve Chair has been announced, featuring 11 elites from various political and business sectors. The market is paying close attention to the independence of monetary policy and the candidates' stances on crypto assets. Summary generated by Mars AI Model. The accuracy and completeness of this generated content are still being iteratively improved.

MarsBit2025/09/07 18:19
Interviews for 11 Federal Reserve Chair candidates begin today—how will Trump choose?