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Crypto Prune > News > Crypto > Altcoins > 589,249,899,025,789 Shiva remains as the Sibai Nu deflation trend continues
Altcoins

589,249,899,025,789 Shiva remains as the Sibai Nu deflation trend continues

8 months ago 2 Min Read

According to the latest data from Shibburn, Total Shib Supply now has 589,249,897,384,468 tokens, indicating a significant drop from the first quarter token power supply.

Hourly Shib Update $shib Price: $0.00001129 (1 hour – 0.78%▼ | 24 hours – 4.40%▼)
Market capitalization: $6,666,390,455 (-4.23%▼)
Total supply: 589,249,897,384,468

The token burned
Last 24 hours: 13,526,731 (1906.84%▲)
Last 7 days: 552,519,804 (-19.6%)

– Shibburn (@shibburn) June 21, 2025

Over 41% of Shib’s initial supply or 410,750,102,615,531 Shib is on fire forever. This continues to inspire renewed interest within the community. Vitalik Buterin, co-founder of Ethereum, burned 90% of the Shiv, which he unwillingly received from the Shiba Inu project.

Shiba Inu’s deflationary model is driven by a strategic token burn. This involves sending the sive token to a “dead” wallet, which prevents it from being accessed or circulated. This process is intended to reduce the circular supply of tokens over time.

The total burns of SHIB of 410,750,102,615,531 clearly indicate that the SHIB community remains committed to Shiba Inu’s long-term deflationary targets.

In the last 24 hours alone, millions of tokens have been delivered to burn burn addresses, permanently removing 13,526,731 shivs from the circulation, increasing daily fire rate by 1,906.84%.

At the time of writing, Shiv has dropped by 4.78% over the past 24 hours to $0.00001119.

Growing the SHIB Infrastructure

Shiba Inu’s infrastructure is growing, and the recently launched Dapp Store is just the beginning. Earlier this month, when the Siv Alpha Layer (Beta) was announced, a bigger leap took place, hosting a way for developers to launch their own roll wraps with Shaibarium.

See also  Elon Musk's Xai launches the "Amazing and Terrifying 'Grok 4 Models"

Shiba Inu’s infrastructure will soon include full homomorphic encryption (FHE), providing developers with privacy features that are currently unavailable on most blockchains. Karma is built on top, with integrated on-chain identity solutions planned for the future. The entire stack is intended to not only allow for launches in the Shiba Inu ecosystem, but also make them desirable.

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