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# SHIB Consumption Pace Soars by 416%, Almost 500 Million SHIB Destroyed
Rumor has it that the Shiba Inu group has been on a consumption binge, with the SHIB consumption pace skyrocketing by an insane 416%! According to Shibburn, the main data tracker for all things SHIB, almost half a billion meme tokens have been directed to the great crypto graveyard – wallets that no one can get into.
And guess what? As SHIB becomes more scarce, its cost has been doing the cha-cha, displaying some significant increases recently.
## Almost 500 Million SHIB Disappeared in Smoke
Shibburn released a tweet bomb, revealing that the SHIB army has removed a massive 535,850,180 SHIB tokens out of circulation in just seven days. That’s a lot of doge!
But hold your horses, because the consumption pace plummeted by -98.98% in the last day, with a paltry 5,111,813 SHIB consumed. Talk about a disappointment!
> SHIB Stats:
>
> Cost: $0.00001271 (Down 0.86% in the last hour, Up 2.67% in the last day)
>
> Market Cap: $7,494,012,204 (Up 2.84%)
>
> Total Supply: 589,254,670,558,002
>
> Consumed:
>
> Last Day: 5,111,813 (Down 98.98%)
>
> Last 7 Days: 535,850,180 (Up 415.59%)
>
> — Shibburn (@shibburn) March 15, 2025
Just a day after the consumption pace exploded by 27,660%, it failed with that near 100% drop. Apparently, 503,305,764 SHIB tokens were directed to the dead wallet in one fell swoop, causing the initial spike.
## SHIB Army Demands More Consumption!
The SHIB group is like, “Consume, baby, consume!” They’re all about reducing the supply to increase the cost.
In just one 24-hour period, an impressive sum of 459,294,504 SHIB tokens got transferred to the vast crypto void, essentially taking them out of the market permanently. This marked the most substantial incineration observed in the past seven days! A portion of this blazing occurrence stemmed from the SHIB team’s management of BONE transaction charges on Shibarium. Furthermore, certain meme coin competitors opted to join the trend, torching SHIB in an attempt to seize the community’s interest – now that’s a daring action!
And imagine this! The same enigmatic whale then embarked on an incineration frenzy, obliterating 14,624,004, 12,840,092, and 13,670,155 SHIB in three unique deals. Solana Increases by 8.59% on March 15: An In-Depth Look at $SOL Price Evaluation
Regardless of all this, the SHIB crew on X (previously Twitter) isn’t completely content. Numerous individuals think the burn pace requires to significantly accelerate. They’re stating that except if we begin witnessing billions of SHIB vanishing, that aspiration of SHIB reaching $0.01 could potentially require generations. The community and the SHIB group still possess a hill to ascend, requiring to burn an astonishing 584,348,475,090,192 SHIB – that’s the number that are still circulating in the market!
On a more optimistic note, SHIB’s value has surged by 7.45% since the start of the week, and it’s presently being exchanged at $0.00001273. Therefore, even though the burn pace may be a contentious subject, circumstances are enhancing for the Shiba Inu token!
