The Siv Community has been able to dispose of mammoth-sized meme coin chunks in the last 24 hours. Almost all of this was burned in one transfer, pushing Shiv’s burn rate up to five digits high, according to Shivn Wallet Tracker.
Meanwhile, Shiba Inu, the second-largest dog-themed cryptocurrency price, shows a 2.3% increase from Monday. Shiv has skyrocketed from $0.00001153 to a price level of $0.00001179. That price rise followed a 3.45% price drop that occurred just before that.
1 billion shibs will disappear immediately, with Burns Jump 116,757%
The aforementioned website shared data and said over the past 24 hours, the SHIB community has managed to increase the burn rate of Shiba Inu by a whopping 116,757%. This was achieved thanks to the enormous 1,007,280,237 shivs being removed from the circulation supply.
Almost all of this incredible chunk (1,000,000,000 shib) was transferred to an incontroversial wallet in a single move made by an anonymous crypto whale about 12 hours ago. This was the largest single transaction ever made.
Burn is an integrated deflation mechanism within the SHIB network, gradually reducing the circulation supply of Meme Coin. A significant drop could mean that Meme Coin could in theory spike in prices.
200 million shivs have recently been destroyed
As reported last week by U.Today, the X account “Shibarium/Bone Updates” (@shibizens), which belonged to SHIB, reported a huge burn that destroys shibu chunks similar to the one above.
At the time, an astounding 1,338,380,740 Shivs were carried out of the circulation and trapped in dead-end wallets. That 1.3 billion coins are burned through the community Burn Portal Shibtorch, based on Shiba Inu’s official website, and are linked to the Shibarium Network.
Once a certain amount of gas fees (paid in bones) are collected, these bone coins are converted to shiv and transferred to a dead-end wallet.
There is no “next shib”, the team warns
Shib’s top executive known as Lucie has recently commented on the price drop for Meme Coin, and when Shib “is on the floor,” it doesn’t mean it’s worthless, but that someone dropped it. Be smart. ”
Just because it’s on the floor doesn’t mean it’s worthless. It means someone dropped it. Be smart.
Floods for the “Next Shiba” project have already occurred in 2020, 2021 and 2022, but are all dead now. pic.twitter.com/wfysmbhrx9
– 𝐋𝐔𝐂𝐈𝐄 (@lucieshib) July 6, 2025
She also warned that many projects claim to be “next signatures” in 2020, 2021 and 2022 – “But they’re all dead.”
