According to the Shibburn website, 39.23 million SHIB were sent to dead wallets where they can no longer be accessed or spent in the last 24 hours, with the Shiba Inu daily burn rate up by over 88%.
In the last seven days, a total of 192.84 million SHIB was burned; however, the weekly burn rate was down 38.86%, and 3.48 billion SHIB was burned in the last 30 days.
A total of 410,843,929,693,979 SHIB has been burned out of Shiba Inu‘s initial 1 quadrillion supply in 21,631 transactions.
The past week saw significant developments for Shiba Inu. U.S. crypto exchange UEX US announced a SHIB listing allowing Shiba Inu users to trade against over 180 other currencies, earn with Savings Rewards, and borrow up to 90% LTV without selling to buy even more SHIB.
Laser Digital Japan, the Japanese entity of Nomura’s digital assets subsidiary, Laser Digital, announced Friday that it has completed its registration and is now authorized to operate as a Crypto Asset Exchange Service Provider under Japan’s Payment Services Act. The registration marks the newest entry into Japan’s crypto asset industry since 2022, after a four-year hiatus in new approvals.
Shiba Inu is among the 6 tokens to be handled first there. Others include BTC, ETH, XRP, BCH, and LTC.
SHIB price
Shiba Inu staged one of its sharpest rallies of the summer on Saturday as the price rose 26.4% from $0.00000492 to $0.0000622, printing a massive daily candlestick.
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This built upon a rally from a low of $0.0000044 on August 19 amid a broad crypto market surge as traders assessed the fallout from a recent spike in bond yields and a new initiative aimed at fiscal consolidation. The broader rally escalated after a record squeeze forced bearish traders out of the market.
Shiba Inu rose for three days, surpassing resistance at the daily MA 50 at $0.00000451. The rise also surged past the daily MA 200 for the first time since mid-September 2025. Shiba Inu reached a high of $0.00000623 on Saturday, where it met resistance and retreated.
SHIB’s price surge is facing a test as it struggles to hold above $0.00000541 (the daily MA 200). At the time of writing, SHIB was up 0.45% in the last 24 hours to $0.00000546 and up 23% weekly.
