Shiba Inu Reaches 21,000 Total Burn Transactions in Key Milestone
Analysis
Price Impact
LowWhile reaching 21,000 burn transactions is a positive milestone for shiba inu, it's a gradual process and the amount burned recently (2.85 million shib in 24 hours) is a very small fraction of the total supply. this typically doesn't cause significant immediate price pumps.
Trustworthiness
HighPrice Direction
NeutralThe article mentions shib is trading up 3.1% due to a broader crypto market rebound driven by cooler cpi data. however, the burn milestone itself isn't a strong enough catalyst for a sustained bullish trend, and the price is still subject to broader market sentiment and economic indicators like ppi.
Time Effect
ShortThe positive sentiment from the market rebound might last for a short period. the burn milestone itself is a cumulative achievement and its direct impact is usually felt over a longer period if burn rates significantly increase.
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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. Dog-themed cryptocurrency Shiba Inu has scored a new milestone, this time in the total number of burn transactions. Advertisement According to Shibburn , Shiba Inu burn transactions have surpassed 21,000 in a new milestone. As given on the Shibburn website, total burn transactions are currently 21,169, yielding a total of 410,840,379,271,575 SHIB burned presently. This represents 41.08% of Shiba Inu's initial supply of 1 quadrillion, with the remaining supply given as 58.92%. Shiba Inu's total supply is 589.15 trillion SHIB, while circulating supply is given as 585.61 trillion SHIB according to the Shibburn website. In the last 24 hours, 2.85 million SHIB were burned, adding to a total of 155.11 million burned in the last seven days and 259.39 million SHIB in the last 30 days. HOT Stories SBI's Solana News Is Not Bad for XRP, Analyst Says Near Protocol (NEAR), XRP, Shiba Inu (SHIB) and Dogecoin (DOGE) Price Analysis For July 15: Bears Are Slowly Losing Trend You Might Also Like Fri, 07/10/2026 - 11:00 $13 SHIB Only? That's All Shiba Inu Burns This Time Around By Tomiwabold Olajide Advertisement This milestone coincides with Shiba Inu surpassing 1.6 million holders; according to Etherscan data, the total number of SHIB holders is currently 1,676,819. SHIB price action Shiba Inu is trading in the green following a broader crypto market rebound as the latest consumer price index print came in sharply lower than expected. The CPI fell 0.4% in June, bringing its year-on-year increase to 3.5%. That helped push expectations for a July rate hike by the Fed lower. You Might Also Like Wed, 07/08/2026 - 12:57 Shiba Inu Records Highest Daily Burn Rate Since November 2025 By Caroline Amosun Advertisement At the time of writing, SHIB was up 3.1% in the last 24 hours to $0.00000424. Shiba Inu fell to a low of $0.000004 on Monday in a three-day drop, following which it rebounded. The recovery continued into early Wednesday alongside the broader crypto market ahead of the latest producer price index print for June, due later in the session. Investors will look further for insight into the U.S. economic picture after consumer inflation data came in cooler than expected in the previous session. The PPI is expected to have held steady in June, according to consensus forecasts, having risen by 1.1% the previous month. #Shiba Inu (SHIB) News #Shiba Inu