Key Highlights
- A single transaction burned 224,052 SHIB during the latest reported hour.
- Additional burns over the preceding 24 hours included 223,316, 448,431, 226,513, and 7,786,155 SHIB.
- Cumulative SHIB burns reached approximately 410.84 trillion tokens across more than 21,500 burn transactions.
Shiba Inu (SHIB), a decentralized cryptocurrency, recorded a burn of 224,052 tokens in a single transaction on August 14.
According to a 2:00 PM UTC update from SHIB Burn Tracker on X, additional single-transaction burns in the past 24 hours included 223,316 SHIB, 448,431 SHIB, 226,513 SHIB, and 7,786,155 SHIB.
Data from a burn tracking interface showed the cumulative total of burned SHIB at 410,843,728,099,726 tokens. This figure corresponded to a USD value of $7,358,056,930 across 21,545 burn transactions.
The supply breakdown listed an initial supply of 1 quadrillion tokens, with 41.08 percent burned and 58.92 percent remaining. Total supply stood at approximately 589,156,271,900,200 tokens, while circulating supply was listed near 585,649,681,124,500 tokens.
Current price and market data
At the time of this writing (on August 14 at 3:05pm UTC), SHIB traded at $0.000004516, reflecting a 1.0 percent increase over the previous 24 hours, according to CoinGecko data. The 24-hour trading range spanned from $0.000004401 to $0.000004537. Market capitalization was $2.661 billion, with a fully diluted valuation of $4.516 billion. Twenty-four-hour trading volume registered at $57.054 million.
The 24-hour price chart displayed an overall upward trajectory, moving from lower levels near $0.00000441 toward a close near $0.000004516, with several peaks and troughs during the period. The seven-day chart showed a net decline of 2.0 percent.
Over that timeframe the token experienced higher levels early in the week before declining and partially recovering. All-time high data listed a peak of $0.00008616 on October 27, 2021, representing a 94.8 percent decline from that level. The all-time low was $0.00000000005637 on November 28, 2020.
Previous market movement
On August 1, SHIB recorded a 6.69 percent increase over 24 hours to trade at $0.000004969, with a market capitalization of approximately $2.92 billion.
The one-day chart at that time showed an upward trend from around $0.0000046 to an intraday high near $0.000005053 before consolidating near $0.000004969. Trading volume rose to $170.6 million, an increase of 72.57 percent over the prior 24 hours on the same day.
Burn activity summary
The recent single-transaction burns form part of the ongoing reduction in SHIB supply. The tracking data indicated more than 21,500 burn transactions have contributed to the total of over 410 trillion tokens removed from circulation. The percentage of the initial supply that has been burned stood at 41.08 percent, leaving 58.92 percent remaining according to the displayed metrics.
Price movement over the most recent 24 hours occurred alongside the reported burn activity, while the seven-day performance reflected a net decrease. Market capitalization, fully diluted valuation, and volume figures remained consistent with the circulating and total supply numbers shown in the data.
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