Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
SHIB Shiba Inu coins destroyed 124 million SHIBs, and the destruction rate soared by 405%. Ecosystem activities warmed up.
Shiba Inu coins destroyed 124,023,282 SHIBs in 24 hours, causing the daily destruction rate to soar by 405.21%. At the same time, as ecosystem activities increased, the circulation supply decreased.
Despite strong daily destruction activities, weekly destruction levels have declined. At the same time, WoofSwap V3 remains the largest monthly contributor, having permanently destroyed billions of SHIBs.
SHIB prices rose slightly, Shibarium trading volume climbed nearly 65%, and the hourly chart formed a gold cross signal to support momentum recovery.
Daily destruction surges
According to Shibburn data, Shiba Inu coins have permanently destroyed 124,023,282 SHIBs in the past 24 hours, driving a 405.21% increase in the daily destruction rate, reflecting a significant increase in the number of tokens removed from circulation supply.
Weekly destruction declines
However, the broader weekly trend takes on a different picture: According to Shibburn, a total of approximately 2.9 billion SHIBs were destroyed in the past seven days, a decrease of 92.26% from the previous week.
Monthly destruction data
Monthly data further reveals Shiba Inu's continued deflationary efforts-in the past 30 days, approximately 3.9 billion SHIBs have been permanently removed from circulation through multiple destruction transactions. Among them, WoodSwap V3 remained the largest contributor during the period, sending 3,023,711,746 SHIBs to Dead Wallet, accounting for the vast majority of the total monthly destruction.
In addition, Robinhood also permanently destroyed 159,592,109 SHIBs by sending transactions to inaccessible addresses, becoming one of the main contributors to the destruction campaign. According to Shibburn statistics, the Internet has currently destroyed 410,843,579,789,609 SHIBs through 21,437 transactions, accounting for 41.08% of the initial supply of 10 trillion SHIBs.
This destruction update coincides with the sixth anniversary of the founding of Shiba Inu Coin-the project was officially launched on August 1, 2020, marking another milestone for the ecosystem and its long-term token destruction strategy.
SHIB prices and Shibarium activity pick up
SHIB prices also rose with the latest destruction data. The transaction price was approximately US$0.000004958, a daily increase of 2.58%. At the same time, the 50-hour moving average crosses the 200-hour moving average, forming a golden cross, indicating an increase in short-term momentum.
This bullish cross occurred after SHIB rose 40% at the end of July, before the token fell back to approximately US$0.0000454 on July 29. SHIB fell back after climbing to nearly $0.0000516 on August 1, but still recorded a monthly gain of 12% in July.
However, despite a positive monthly performance, the token fell 12.45% over the past week. In addition, according to ShibariumScan data, Shibarium's online activity has increased, with daily transaction volume increasing from 1,560 to 2,570.
Conclusion
The latest Shiba Inu coin destruction data shows that although the total weekly destruction has declined, the daily token destruction volume has increased significantly. At the same time, improved Shibarium activity, bullish technology crossover and small price increases reflect increased ecosystem participation as the project enters its seventh year.
