The Shiba Inu community continues to gradually reduce its supply of circulating sive by performing regular burns. According to fresh data shared by Shibburn Portal, the majority of these meme coins have been kicked out of the circulation last week.
Meanwhile, yesterday, Shiv prices showed a mild decline after not continuing their 1.9% rise on Friday.
20.3 million sheets dissolved from the supply
In a recent tweet, the aforementioned blockchain tracker revealed that over the past seven days, 20,311,173 Shibs have been transferred to unadvertised blockchain addresses, allowing the Shiba Inu community to dispose of substantial meme coin batches.
This allowed us to increase our weekly fire rate by 43.66%, but we reduced our daily firepower by 97.15%, as a very small amount of Shiv burned over the past 24 hours. Since last morning, the community has been able to burn 69,808 Shivs so far.
Hourly Shib Update $shib Price: $0.00001229 (1 hour – 0.15%▼ | 24 hours – 0.08%▼)
Market capitalization: $7,242,999,177 (-0.06%▼)
Total supply: 589,247,711,761,922The token burned
Last hour: 69,613 (two transactions)
Last 24 hours: 69,808 (-97.15%▼)
Last 7 days: 20,311,173 (43.66%▲)– Shibburn (@shibburn) September 6, 2025
Seven price crash after bitcoin lowering
In the meantime, the price of Shiv, a prominent meme-themed asset, lost 1.67% today, falling gently. The price decline could have been caused by a drawdown in Bitcoin as BTC fell sharply on Friday, losing $113,250 and landing at $110,560. So far, it has been moving at that price range. The decline occurred with a single mammoth red candle on the hourly chart.
The price of Shiv was marked with a huge red candle, and a similar rise of 3.83% continued, just as Meme Coin worked to surpass the $0.00001248 resistance level. At the time of writing, Shiv has changed hands for $0.00001225.
