The weekly destruction volume approaches 3 billion yuan, and the price of Shiba Inu coins rises

TLDR: Directory switching

TLDR: Shiba Inu coin prices reflect new peak in weekly destruction

Anniversary momentum faces supply and ecosystem tests

Shiba Inu coin prices have once again attracted attention after community trackers reported that about 2.96 billion SHIBs were destroyed in the latest seven days.

Weekly destruction strengthens the scarcity narrative, but this amount is still negligible compared to the approximately 589.24 trillion tokens in circulation.

SHIB's sixth anniversary coincides with increased trading interest, increased holder attention, and a renewed focus on its market value ranking.

Shibarium activities, LEASH v2 delivery, exchange traffic, and regular ecosystem destruction will be more important than isolated transfers for continued demand.

Shiba Inu prices have returned to focus after community trackers recorded that nearly 3 billion SHIBs had been removed in seven days. According to reports, the total number of 2.96 billion pieces set the strongest weekly destruction record in about a year. The news comes as the token celebrates its sixth anniversary and has attracted new trading interest. SHIB briefly rose, but gave up some of its gains during a broader market correction. Coingecko data shows that the current price of SHIB is approximately US$0.000005, up 0.84%, with a market value of US$2.94 billion and a daily trading volume of US$142 million.

Shiba Inu Coin (SHIB Price)

Shiba Inu Coin Price Reacts as Weekly Destruction Amount Reaching New Peak

This week's SHIB destruction included multiple large transfers to inaccessible wallets. One transaction removed more than 757 million tokens. Ecosystem projects contribute a smaller amount of destruction through Ethereum activities.

Shibburn data shows that the destruction volume in 30 days is close to 3.2 billion SHIBs. Destruction momentum accelerated in late July. According to reports, another 124 million tokens entered dead wallets in early August.

These numbers may seem huge, but they only account for a very small portion of the circulating supply of SHIB. CoinMarketCap lists approximately 589.24 trillion coins in circulation, with a total supply of 589.49 trillion coins. In addition, the platform also shows more than 3.06 million holders. As a result, the destruction of billions of tokens removes only a tiny fraction of the available tokens.

Hourly SHIB updates

$SHIB price: $0.0000497 (1 hour-0.27% 丨| 24 hours +2.71% ▲)

Market Value: $2,930,406,001 (+2.71% ▲)

Total supply: 589,156,420,211,280

Destruction: Last 24 hours: 124,023,282 (+405.21% ▲)

Last 7 days: 2,901,334,219 (-92.26% ○)

-- Shibburn (@shibburn) August 2, 2026

This supply gap explains why traders often view destruction as an indicator of sentiment. Destruction can strengthen scarcity expectations, but destruction alone rarely creates immediate price pressure. Buyers also need to absorb exchange selling and support deeper spot liquidity.

Shiba Inu prices have attracted attention after trading volume expanded during the anniversary rally. A stronger turnover rate indicates active market participation rather than a weak market. However, the correction showed that short-term traders still dominate the momentum.

SHIB is also closer to neighboring assets in terms of market capitalization. As the prices of individual altcoins fluctuate, their rankings may change rapidly. Advances in rankings may attract attention, but they will not change network usage or token economics.

Anniversary momentum faces supply and ecosystem tests

The anniversary of Shiba Inu marks the six years since this Ethereum-based token was launched in August 2020. CoinMarketCap confirmed that the project was created this month and recorded its highest price in history in October 2021. This milestone highlights SHIB's transformation from meme-based distribution to a broader digital asset ecosystem.

From zero to global movement.

Six-year holder, builder, believer, and one of the most powerful communities in the crypto field.

The experiment is still continuing.

Happy birthday, Ethereum: 0x95 ad61b0a 150d 79219 dcf64e1e6cc 01f0b64c4ce

#SHIBTurns6

-- Shib (@Shibtoken) August 1, 2026

Shibarium is now a core part of the ecosystem.