Popular Wallet Trackersive Burn revealed that a significant amount of Shiba inu meme coins have been removed from the circulation supply recently. However, increasing the burn rate on Shiv was not helpful.
Meanwhile, Shib Meme Coin has seen a significant price growth, surged by more than 11%.
59.4 million shibes will be burned
According to the aforementioned data source, an impressive amount of meme coins have been transferred to anonymous wallets over the past seven days – 59,405,917 Shivs. The three largest shiv chunks burned during this period moved 27,062,451, 10,000,000, and again 10,000,000 meme coins.
However, the overall burn rate over the past week has declined by nearly 42%, making it unimpressive. Things are getting better when the daily fire rate increases by 13.71%. Despite the positive reading, the amount of coins transferred to a wallet, unprecedentedly is just 79,519 shives.
Hourly Shib Update $shib Price: $0.00001333 (1 hour 0.29% ▲| 24 hours 7.77% ▲)
Market capitalization: $7,850,777,576 (7.67%▲)
Total supply: 589,247,746,211,233The token burned
Last 24 hours: 79,519 (13.71%▲)
Last 7 days: 59,405,917 (-41.91%▼)– Shibburn (@shibburn) August 23, 2025
Shiv Price tracks Bitcoin upwards
On Friday, Shiv, the second-largest meme coin, showed an astounding price surge, up 11.52% in a day. I printed several consecutive hourly candles, and its biggest candles increased by 4.85%.
In the end, Shiba Inu reached a local high of $0.00001350, but the assets then rebounded, losing 3.68% of its value. It is now growing and printing a 2.3% rise. Shib currently has a change of hands for $0.00001330.
On Friday, SHIB’s prices skyrocketed alongside the Bitcoin price trajectory as BTC temporarily recovered the $117,000 level. The growth was driven by a statement from Federal Reserve Chairman Jerome Powell, who said the Federal Reserve will cut interest rates a bit next month. In this news, Ethereum hit its highest ever high for the first time since November 2021.
