SHIB remains 5.11% down over the last 7 days but has retained a 5.3% surge in the last 30 days.
By Godfrey Benjamin
Editor Julia Sakovich
Updated
3 mins read
The Shiba Inu SHIB $0.000013 24h volatility: 3.1% Market cap: $7.37 B Vol. 24h: $127.40 M burn rate has spiked by 3,464%, per data from Shibburn, the dedicated burn tracker for the ecosystem. Coincidentally, SHIB price has staged a mild recovery, hinting at the possibility of losing one zero in the long term. In addition, its market capitalization has shot up to reach $7.3 billion.
Shibburn data shows that the recent 3,464% rally in burn rate led to the destruction of 9,614,765 SHIB within 24 hours. As a result, a total of 410,752,089,360,220 SHIB has been burnt from the initial supply of the crypto asset. This leaves the crypto market with 584,612,601,558,519 SHIB in circulation.
HOURLY SHIB UPDATE$SHIB Price: $0.00001238 (1hr 0.20% ▲ | 24hr 2.07% ▲ )
Market Cap: $7,298,459,492 (2.12% ▲)
Total Supply: 589,247,910,709,199TOKENS BURNT
Past 24Hrs: 9,614,765 (3464.69% ▲)
Past 7 Days: 23,317,751 (-96.31% ▼)— Shibburn (@shibburn) August 7, 2025
According to an X update, about 23,317,751 SHIB were incinerated within 7 days. The previous week, the ecosystem had seen a 16,855.93% surge in the burn rate in one day, leading to the destruction of 602 million tokens.
The recent increase in burn rate is expected to spark speculation about a potential price rally for the coin. Thus far, there has been some slight gain, but it may be too early to conclude that the aggressive burn rate has translated into price gains. CoinMarketCap data shows that SHIB price is currently pegged at $0.00001239.
This price level corresponds with a 1.91% rally over the last 24 hours while its market cap is at $7.3 billion, up by the same percentage. Notably, the SHIB trading volume is a metric that suggests that traders are hardly excited about SHIB. This metric shows that current engagement with the digital assets is at its minimum.
Shiba Inu’s 24-hour trading volume is down by 31.07% and pegged at $141.01 million. SHIB remains 5.11% down over the last 7 days but has retained a 5.3% surge in the last 30 days.
TOKEN6900 is another coin that is making waves in the crypto space. This actively growing project presents the right value proposition to crypto users and investors.
One notable achievement for this token is being the main character of 2025’s ICO. Ranked among the best crypto presales of the season, TOKEN6900 has an ongoing presale. Interestingly, the token is being offered at a discounted price.
As such, this is a good time to join the train because, after now, interested investors will only be able to access it through the open market.
On this basis, investors are advised to act quickly by participating in the presale. Presently, the token is priced at $0.00675 but is scheduled to change in another 44 hours.
Current Presale Stats:
To take part in the presale, you can purchase TOKEN6900 using cryptocurrencies or a credit card.
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.
