Shiba Inu Surpasses 20,000 Burn Transactions With 41.08% of Supply Burned
Analysis
Price Impact
LowWhile the burning of tokens reduces supply and can be a positive factor for price, the vast majority of the burned tokens (410 trillion shib) were burned in a single transaction by vitalik buterin in 2021. recent burn rates, while significant in absolute numbers, represent a very small fraction of the total circulating supply and have shown a recent drop, limiting immediate price impact.
Trustworthiness
HighPrice Direction
NeutralThe news focuses on past events (vitalik's burn) and current burn rates which, despite reaching a milestone of 20,000 transactions, are not currently driving significant price appreciation due to the massive supply and the diminishing impact of ongoing burns.
Time Effect
ShortThe milestone itself is a historical achievement. the recent 24-hour and 7-day burn numbers are more relevant for short-term sentiment, but the significant drop in the last 24 hours dampens immediate positive effects.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu has surpassed 20,000 burn transactions, according to the Shibburn website, which gives the total count as 20,696. Advertisement In all, 410,839,848,304,549 SHIB tokens worth $7,358,037,071 have been burned. This represents 41.08% of the initial SHIB supply. Shiba Inu had an initial supply of 1 quadrillion tokens at its launch. Following thousands of burn transactions over the years, Shiba Inu's total supply has shrunk to 589,160,151,695,451 SHIB, according to the Shibburn website. HOT Stories Massive $290 Million Hack Hits Ethereum and Arbitrum Most Important Bitcoin (BTC) Price Test in 2026, Ethereum (ETH) Hits Ceiling, XRP Will Go Parabolic If Price Growth Accelerates: Crypto Market Review You Might Also Like Mon, 04/06/2026 - 09:39 Top 24-Hour SHIB Burners' List Revealed; Some Names May Surprise You By Yuri Molchan Advertisement In the last 24 hours, 1,591,370 SHIB were burned, adding up to 59,338,197 SHIB sent to dead wallets in the last seven days. A cumulative of 196,822,452 SHIB has been bought in the last 30 days. The 1,591,370 SHIB burned in the last 24 hours marks an 81.28% drop from the past day, reversing a rise from April 15. Biggest SHIB burn of all time While a total of 410,839,848,304,549 SHIB tokens burned remains notable in Shiba Inu's burn push, a single transaction that contributed significantly to this figure cannot be overlooked. You Might Also Like Fri, 01/02/2026 - 14:28 Shiba Inu Burn Rate Sees First Drop in 2026, but 3,777,885 SHIB Gone By Tomiwabold Olajide Advertisement In May 2021, Ethereum co-creator Vitalik Buterin burned 90% of his SHIB holdings, totaling around $7 billion at the time, after he was unwillingly gifted half of SHIB's total supply. Over 410 trillion tokens were sent to a dead blockchain address in a single transaction, removing them from circulation. The remaining 10% was earmarked for charitable causes by the Ethereum co-creator. According to analysts, 410 trillion Shiba Inu burned by Ethereum creator Vitalik Buterin remains among the biggest single crypto transactions of all time. A number of transactions have a place in history, but none stand out compared to Buterin's massive 410 trillion Shiba Inu burn if transactions to burn addresses are taken into consideration. The $7 billion burn by the ETH creator might also be among the biggest transactions of all time if this is considered. #Shiba Inu (SHIB) News #Shiba Inu #SHIB