Shiba Inu

Rally

Burn

Shiba

<p>Shiba Inu's community removed nearly 3 billion tokens from circulation last week, with Shibburn data showing 2.98 billion <a href="https://x.com/search?q=%24SHIB&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SHIB</a> burned over a seven-day period. The total marks the largest weekly burn recorded in approximately one year, drawing renewed attention to the token's ongoing deflationary efforts.</p><h2 id="burn-activity-spikes-alongside-weekend-rally">Burn Activity Spikes Alongside Weekend Rally</h2><p>The bulk of the activity was concentrated on July 26 and 27, days that coincided with a sharp weekend price surge for SHIB. A single transaction removed more than 757 million SHIB from circulation during that period. Woofswap, a decentralized exchange within the Shiba Inu ecosystem, also reported burning thousands of dollars worth of SHIB over the same stretch.</p><p>SHIB climbed 36 percent on July 26, adding roughly a billion dollars to the token's total value in a single session. The rally later faded, however, as whales likely took profits while retail traders joined late, with SHIB futures open interest dropping 13.79% to $55.53 million as traders reduced their positions.</p><h2 id="context-burn-rate-in-perspective">Context: Burn Rate in Perspective</h2><p>The weekly figure is a meaningful step up from recent norms. Earlier in July, Shiba Inu burned 39.32 million SHIB in a week as the burn rate surged roughly 56%, a figure that pales next to the nearly 3 billion removed last week. The deflationary activity, tracked by Shibburn, sends tokens to a dead wallet, permanently removing them from circulation.</p><p>Even so, approximately 585.6 trillion SHIB tokens remain in circulation, meaning removing billions in a week still represents a small fraction of the total supply. Whether the burn momentum translates into sustained price gains will depend on broader demand. After repeatedly defending the $0.0000042 to $0.0000044 demand zone, SHIB broke above a multi-month descending trendline that had capped every recovery attempt since January, a technical development that traders will be watching closely in the days ahead.</p><p><strong>Sources:</strong><br><a href="https://thecryptobasic.com/2026/07/07/shiba-inu-burn-rate-surges-55-with-39320000-shib-destroyed/" rel="noopener noreferrer nofollow">The Crypto Basic: Shiba Inu Burn Rate Surges 55% With 39,320,000 SHIB Destroyed</a><br><a href="https://www.cryptotimes.io/2026/07/27/shib-price-rally-fades-as-whale-selling-and-retail-fomo-take-over/" rel="noopener noreferrer nofollow">Crypto Times: SHIB Price Rally Fades as Whale Selling and Retail FOMO Take Over</a><br><a href="https://www.benzinga.com/crypto/cryptocurrency/26/07/60709324/shiba-inu-surged-27-as-burns-hit-365-day-high-whats-happening" rel="noopener noreferrer nofollow">Benzinga: Shiba Inu Surged 27% as Burns Hit 365-Day High</a></p>

Shiba Inu Weekly Burns Hit One Year High

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