The SHIB community continues to work restlessly to reduce the supply of circulating Shiba Inu. Shibburn Data Aggregator shares that the key SHIB metrics associated with this show a four-digit spike.
Meanwhile, this week, Shiv, the second most popular meme coin, made a brave attempt to recover price-wise.
Shiv increases by 1,309%
Shivburn revealed that on past days, a total of 2,944,722 meme coins were burned anonymously, resulting in a 1,309% increase in burn metrics. Whales that made those deals in their dead-end wallets were not tracked by Shivburn.
Hourly Shib Update $shib Price: $0.00001263 (0.19% per hour ▲| 1.45% per hour ▲)
Market Cap: $7,445,456,071 (1.45%▲)
Total supply: 589,247,734,555,705The token burned
Last 24 hours: 2,944,722 (1309.71%▲)
Last 7 days: 11,735,561 (-81.45%)– Shibburn (@shibburn) August 28, 2025
The two biggest burn transactions made in the past day have been carried to blockchain wallets that do not carry 1,694,200 and 1,076,047 shiv.
However, despite the amount of shiv burned over the past seven days significantly outweighed the aforementioned, the weekly burn rate has declined by 81.45% – 11,735,561 vs 2,944,722 shiv
Shiv price is “not down”
Today, the SHIB team addressed the Shiba Inu community via one of the X accounts, @shibizens.
It was a message of encouragement to all SHIB owners and builders on the Shaibarium. “We’re not down,” the tweet said, talking about a massive drop in shiv prices probably since the beginning of the week.
We’re not down.
Big Dreams – But use it.
Use shivalium. Use bones. Build something real.Hype goes back and forth. The technology remains.
Shibizen moves differently. pic.twitter.com/idsbaiahze— Shibarium | SHIB.IO (@Shibizens) August 28, 2025
To date, Shiv has been able to recover by 6.74%. At the time of writing, the popular memecoin has changed hands at $0.00001265.
