Shiba Inu (SHIB) has officially surpassed 20,000 individual burn transactions, according to data from the Shibburn tracking website. The total count now stands at 20,696 transactions, which have collectively removed a staggering 410,839,848,304,549 SHIB tokens from circulation forever.
This burned amount is valued at approximately $7.36 billion and represents 41.08% of SHIB's initial supply. The meme coin launched with a total supply of one quadrillion tokens. Following years of sustained burn efforts, the current total supply has been reduced to 589,160,151,695,451 SHIB.
Recent activity shows mixed short-term momentum. In the last 24 hours, 1,591,370 SHIB were burned, marking an 81.28% drop from the previous day and reversing a surge seen on April 15. Over the past seven days, 59,338,197 SHIB were sent to dead wallets, while market data indicates 196,822,452 SHIB were purchased in the last 30 days.
The burn narrative is still dominated by a historic event from May 2021. Ethereum co-creator Vitalik Buterin burned 90% of his unsolicited SHIB holdings—amounting to over 410 trillion tokens (worth roughly $7 billion at the time)—in a single transaction to a dead blockchain address. This remains one of the largest single crypto transactions ever recorded. The remaining 10% of his allocation was donated to charitable causes.
At the time of reporting, SHIB was trading at $0.000000609, reflecting a 6.01% increase over 24 hours. The ongoing burn mechanism is a central part of SHIB's long-term strategy to tighten its token supply.
