SHIB burn tracker data shows that 27,137,162 SHIB were destroyed over the last 24 hours, a sharp 1,034% increase in the daily burn rate and one of the largest single-day moves in recent weeks. On May 14, daily burn volume was only about 2 million tokens. It has now moved past 25 million in a short span, pointing to a much faster burn pace.
Weekly and monthly burn totals keep climbing
The platform reports that SHIB burns over the last seven days have passed 46.1 million, while the 30-day total has reached 198.1 million tokens. The cumulative number of burn transactions recorded so far stands at 20,825. Those figures show that token removal from circulation is still being pushed consistently.
At the same time, SHIB reserves on exchanges have dropped to their lowest level of the year. That leaves less immediately available supply in the market. Large holders, often described as whales, are also moving sizable amounts of SHIB off exchanges and into personal wallets, reducing circulating availability and increasing the chance of sharper price swings.
US regulatory bill advances while SHIB posts a modest gain
In the US, the Senate Banking Committee moved ahead with a crypto market framework as the bipartisan Clarity Act passed by a 15-9 vote. The report describes it as the most notable regulatory step of the year so far. The bill is expected to be combined with a draft from the Agriculture Committee to create broader oversight for digital assets.
The regulatory development initially lifted major cryptocurrencies, though much of that upside faded quickly. SHIB held on to a small gain, rising 0.30% in the past 24 hours to $0.00000627. According to CryptoAppsy data cited in the report, the move tracked momentum tied to higher burn activity and tighter supply.
Community points users to official SHIB channels only
In a post shared on X, the SHIB-focused account Shibizens told the community that official burn updates are published only through SHIB’s website and that there are no private token sales or exclusive distributions. The account also said that LEASH v2 has not gone live yet and remains under development, with external audits and an open testnet planned before launch.
The community also urged holders to rely on the official SHIB site for burn information and to treat unverified announcements carefully. With exchange reserves shrinking and holdings becoming more concentrated, SHIB may become more sensitive to both positive and negative news, while large wallet transfers can affect exchange liquidity directly.