# Shiba Inu jumps 35% as burn tracker shows 41% of supply burned

**Published:** 2026-07-22T19:34:48.297Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/2efcdcb5-29a6-41a1-afde-af6a1a2145bc

Shiba Inu surges 35% in 24h, market cap hits $22.6 bn, burn tracker confirms 41.05% of tokens already destroyed – see the numbers behind the rally.

Shiba Inu (SHIB) surged 35% in the last 24 hours, pushing its market capitalisation to roughly $22.6 billion and briefly ranking it as the 11th largest cryptocurrency by CoinMarketCap [3]. The price spike coincides with ongoing token burns that have now eliminated 41.05% of the original supply, according to the Shiba Burn Tracker [1].

| At a glance | |
|---|---|
| Price change (24h) | +35% |
| Market cap | $22.6 bn |
| Supply burned | 41.05% of total |
| Catalyst | Investor buying pressure and continued token burns |

## What drove the move  
The rally follows a wave of buying interest sparked by speculation that Shiba Inu could be added to the Robinhood platform, a factor highlighted in recent commentary [3]. Although Elon Musk publicly denied holding any SHIB, the broader market sentiment has turned bullish, with traders citing the token’s growing ecosystem—including plans for a ShibaSwap exchange and NFT projects—as additional upside drivers [3].  

On‑chain data shows that the burn process, which started in August 2020, has steadily reduced the circulating supply from an initial 1 quadrillion tokens to about 589.5 trillion remaining as of July 2026 [1]. The cumulative burns now total 410.5 trillion tokens, representing 41.05% of the original issue—a level that some analysts argue could tighten supply and support higher prices if demand persists.

## Tokenomics context  
Shiba Inu’s supply is intentionally abundant, with a total circulating supply of 1 quadrillion tokens [3]. The ongoing burns have removed a substantial share, but the remaining supply still dwarfs that of many other meme coins. The burn rate has varied month‑to‑month; for example, the largest single‑month burn recorded was 410.2 trillion tokens in August 2020, while recent monthly burns have been in the low‑hundreds of billions [1]. This gradual reduction contrasts with the token’s recent price acceleration, suggesting that market dynamics are being driven more by buying momentum than by supply contraction alone.

## What to watch  
- **Price resistance:** Watch the $0.000012 level, which aligns with recent highs and could test the next ceiling.  
- **Burn milestones:** A further 5% reduction in supply (to ~46% burned) would occur if monthly burns continue at current rates, potentially influencing sentiment.  
- **Platform listings:** Confirmation of Shiba Inu’s addition to major retail platforms such as Robinhood could reignite buying pressure and trigger additional price moves.  

The 35% price jump underscores how speculative demand, amplified by platform‑listing hopes and a sizable burn record, can rapidly reshape a meme token’s market position. Whether this momentum sustains will depend on continued buying interest and any future supply‑tightening events.

## Sources
1. Shiba-burn-tracker — [Shiba burn tracker! Follow the Shiba Inu token evolution](https://shiba-burn-tracker.com/)
2. Amazon S3 on MSN — [Shiba Inu turns rock into sidewalk scooter!](https://www.msn.com/en-us/video/animals/shiba-inu-turns-rock-into-sidewalk-scooter/vi-AA28mCYo?ocid=BingNewsVerp)
3. Economictimes — [Shiba Inu: Will Shiba Inu turn the numero uno meme coin despite...](https://economictimes.indiatimes.com/markets/cryptocurrency/will-shiba-inu-turn-the-numero-uno-meme-coin-despite-musks-cold-shoulder/articleshow/87313836.cms)

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Cite as: TrendWatcher, "Shiba Inu jumps 35% as burn tracker shows 41% of supply burned", https://www.trendwatcher.in/article/2efcdcb5-29a6-41a1-afde-af6a1a2145bc