Shiba Inu has achieved a significant milestone, with total burn transactions surpassing 21,000, as the community continues its long-term effort to reduce the token's massive supply. According to data from Shibburn, the accumulated burns have now permanently removed 410.84 trillion SHIB from circulation, representing 41.08% of the original one quadrillion tokens.
Meanwhile, the number of SHIB holders has reached 1,676,819, according to Etherscan, highlighting sustained engagement within the ecosystem. The combination of rising holder counts and ongoing supply reduction is closely watched as an indicator of network participation and long-term tokenomics.
In price action, Shiba Inu recovered 3.1% to $0.00000424, aided by a broader cryptocurrency rebound after softer U.S. inflation data. The Consumer Price Index fell 0.4% in June, bringing annual inflation down to 3.5%, which eased expectations of further Federal Reserve rate hikes and improved risk appetite. Investors are now monitoring the upcoming Producer Price Index report for further direction.
