Shiba Inu recorded a 222.84% spike in its burn rate, leading to the permanent removal of 140.3 million SHIB from circulation.
By Godfrey Benjamin
Editor Hamza Tariq
Updated
2 mins read
Shibburn, the dedicated Shiba Inu SHIB $0.000010 24h volatility: 2.6% Market cap: $6.08 B Vol. 24h: $168.77 M burn tracker, has provided data showing that the metric rose by about 222% within the last 24 hours.
This resulted in the permanent destruction of 140,391,783 SHIB, reducing the overall supply of the meme coin. Despite the higher burn rate, SHIB’s price has continued to decline.
Shiba Inu burn rate recorded a spike of exactly 222.84% within the last 24 hours, leading to the incineration of 140.3 million SHIB.
A total of 410,752,652,145,910 has been removed from the initial supply. From a maximum supply of 999,982,335,928,955, the recent burn leaves the SHIB ecosystem with 585,202,851,074,750 in circulating supply.
HOURLY SHIB UPDATE$SHIB Price: $0.00001041 (1hr 0.90% ▲ | 24hr -2.90% ▼ )
Market Cap: $6,133,386,265 (-2.98% ▼)
Total Supply: 589,247,347,923,509TOKENS BURNT
Past 24Hrs: 140,391,783 (222.84% ▲)
Past 7 Days: 199,759,638 (335.03% ▲)— Shibburn (@shibburn) October 16, 2025
Instead of following the usual pattern where a smaller supply and steady demand push prices higher, SHIB’s value has continued to fall.
SHIB is currently trading at $0.00001043, with a 2.12% dip over the last 24 hours. For the past few weeks, this is the same way that the price of the coin has been stalling.
Even the 13,120% spike in burn rate from last week was not sufficient to push SHIB towards a new monthly high. As SHIB’s price has fallen, its market capitalization and trading volume have also declined.
The token’s market cap now stands at $6.14 billion, ranking it as the 21st largest cryptocurrency. Its 24-hour trading volume is down 10.45%, at $183.62 million.
The sentiment may change soon if the conditions of the broader cryptocurrency market improve in the coming days.
While SHIB continues to dip, Maxi Doge (MAXI) is gaining strong traction. In under a week, its presale funds have jumped from $2.88 million to over $3.64 million, showing clear investor confidence and belief in its long-term potential.
With this rapid growth and steady momentum, Maxi Doge is shaping up to be one of the best crypto presales of 2025.
Current price: $0.000263
Amount raised so far: $3.64 million
Ticker: MAXI
The official presale website indicates that the token price is set to be adjusted in less than 2 days. Purchases can be completed using credit or debit cards, as well as cryptocurrency. Check out the official site to stay updated with the Maxi Doge launch date.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
