The latest Shibburn tracker data has sent shockwaves through the SHIB community, revealing a massive surge in the weekly SHIB burn rate. A staggering half a billion SHIB tokens have been sent to dead wallets, permanently reducing the circulating supply. Meanwhile, the meme coin’s price has seen a modest uptick—but is it enough?

Half a Billion SHIB Up in Smoke

According to Shibburn data, the SHIB community burned a total of 535,850,180 SHIB last week. This represents a whopping 416% increase in the weekly burn rate! However, the momentum has slowed significantly over the past 24 hours, with a 99.29% decline in burn rate from the previous increase.

While SHIB burns are a crucial part of the ecosystem’s long-term strategy, many community members wonder whether this pace is enough to make a real impact on the token’s price.

Where Did These Massive Burns Come From?

The biggest contributor to the recent burn was a single transaction of 459,294,504 SHIB, which was sent to an unreachable wallet, making it the largest burn of the past week.

These burns are typically initiated in two ways:

✅ SHIB developers use BONE gas fees on Shibarium to facilitate burns.
✅ Competing meme coins occasionally burn SHIB as a marketing stunt to grab attention.

In addition to this colossal transaction, three other significant burns occurred:

🔥 14,624,004 SHIB
🔥 12,840,092 SHIB
🔥 13,670,155 SHIB

While these numbers may seem impressive, they barely scratch the surface of SHIB’s massive total supply.

The SHIB Community Wants More Burns—A Lot More

Despite the recent burn frenzy, many SHIB holders remain frustrated. Social media reactions on X (formerly Twitter) show that many believe the burns are still not enough to make a real difference in price action.

With a jaw-dropping 584.3 trillion SHIB still in circulation, some holders argue that it would take decades for SHIB to even approach the coveted $0.01 mark unless billions—if not trillions—of tokens are systematically removed from supply.

Will the SHIB team ramp up their burning efforts, or will this remain just another drop in the ocean? Only time will tell, but one thing is certain: SHIB holders won’t stop barking for more burns!

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Madeline

I have been drawn to technology and science fiction since I was a child. Studying IT has drawn me to the world of cryptocurrencies, where I have been working since 2014. I have learned a lot since then. And I still have a lot to learn. What fascinates me most about them is that they connect so many worlds together and the possibility of free choice. Without limits.