# Shiba Inu burns 117 million tokens, Dogecoin stalls, Remittix raises

**Published:** 2026-07-23T19:52:22.936Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/d583536a-d9d2-4f8f-baa3-0c69f46afd0c

Shiba Inu’s biggest one‑day burn in six months (117 M tokens) and Remittix’s $26.7 m funding drive crypto watchlist; Dogecoin price action remains flat.

Shiba Inu burned 117 million SHIB on July 8, the largest single‑day reduction in six months, while Dogecoin showed little price movement and Remittix secured $26.7 million to expand its PayFi wallet service【1】.

| At a glance | |
|---|---|
| Token burn | 117 M SHIB (July 8) |
| SHIB price | $0.00001191 |
| 24h change | flat for DOGE (no data) |
| Catalyst | SHIB burn & Remittix funding |

## Shiba Inu burn and price context  
The July 8 burn represents a fresh supply‑reduction effort that revived discussion around SHIB’s long‑term scarcity narrative. Despite the sizable reduction, SHIB’s price has stalled at $0.00001191, a level that would require a market cap of over $600 trillion to reach $1—about five times the world’s GDP—making such a target implausible【2】. With roughly 589 trillion tokens in circulation, the burn alone is insufficient to shift price momentum without accompanying demand.

## Dogecoin’s muted move and Remittix’s growth  
Dogecoin’s price action remains mixed, with no notable rally reported in the available sources, suggesting limited trader interest amid broader meme‑coin volatility. In contrast, Remittix (RTX) announced a $26.7 million funding round and launched a live PayFi wallet beta audited by CertiK, offering instant cross‑border transfers across 30+ fiat currencies and 40 cryptocurrencies【2】. Its deflationary tokenomics and a 15 % USDT referral incentive provide tangible utility, positioning Remittix as a more substantive play than pure speculation.

## What to watch
- **Shiba Inu supply metrics:** Monitor any further large‑scale burns or changes to the circulating supply that could affect price pressure.  
- **Dogecoin price levels:** Watch for breakouts above recent resistance (e.g., $0.074) or drops below support (e.g., $0.065) to gauge market sentiment.  
- **Remittix milestones:** Track the rollout of its PayFi wallet and any additional funding or audit updates that may influence adoption.

The juxtaposition of a high‑profile SHIB burn with stagnant price action underscores the limits of supply‑only strategies, while Remittix’s tangible product development highlights a shift toward utility‑driven crypto projects. The next weeks will reveal whether burn events can translate into sustained price gains or if investors continue to favor tokens with real‑world use cases.

## Sources
1. Press Trust of India — [Shiba Inu Burn Talk, Dogecoin Price Action and Remittix PayFi Growth Lead New Crypto Watchlist Debate](https://www.ptinews.com/story/business/shiba-inu-burn-talk-dogecoin-price-action-and-remittix-payfi-growth-lead-new-crypto-watchlist-debate/3884069)
2. T — [Shiba Inu Price Unlikely to Hit $1; Remittix PayFi Utility | SignalPlus](https://t.signalplus.com/crypto-news/detail/shiba-inu-price-unlikely-remittix-payfi-utility?lang=en-US)
3. Ainvest — [The 2025 Shift in Meme Coin Investing: Why Institutional and Retail...](https://www.ainvest.com/news/2025-shift-meme-coin-investing-institutional-retail-investors-choosing-remittix-dogecoin-shiba-inu-2509/)

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Cite as: TrendWatcher, "Shiba Inu burns 117 million tokens, Dogecoin stalls, Remittix raises", https://www.trendwatcher.in/article/d583536a-d9d2-4f8f-baa3-0c69f46afd0c