Shiba Inu Burns Millions of SHIB as India Emerges Among Top Trading Hubs

• Millions of SHIB tokens disappeared as Indian traders boosted market activity.
• Shiba Inu burn activity intensified while India dominated major exchange trading.
• SHIB supply dropped again as Indian crypto demand continued accelerating rapidly.

Shiba Inu regained market momentum this week after millions of SHIB tokens permanently exited circulation while trading activity surged across India’s crypto market. The latest on-chain movement arrived as traders continued increasing exposure to SHIB on major exchanges, strengthening India’s position within the token’s global trading ecosystem.

Recent data from the Shibburn tracking platform showed that 6,079,210 SHIB tokens moved into dead wallets during the last 24 hours. Consequently, the circulating supply declined further as burn activity continued accelerating throughout recent weeks.

The latest daily burn figures contributed to a broader reduction trend across the network. Data showed more than 33 million SHIB disappeared from circulation during the previous seven days. Additionally, nearly 197 million SHIB tokens were removed throughout the past month alone.

Current supply statistics revealed that over 410 trillion SHIB tokens have now been permanently destroyed from the original one quadrillion supply. That figure represents more than 41% of the project’s initial token allocation.

Burn activity remains closely watched because investors often associate declining supply with long-term price support. Although the recent burns remain relatively moderate, traders continue interpreting consistent supply reductions as a sign of sustained community engagement.

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India Strengthens SHIB Trading Dominance Across Crypto Exchanges

Besides the supply decline, Shiba Inu maintained strong demand across India’s cryptocurrency market during April. SHIB ranked among the five most traded digital assets on WazirX, India’s largest crypto exchange. Bitcoin secured the top position, while SHIB claimed second place ahead of Ethereum, Dogecoin, and XRP. Kuro, a member of the Shiba Inu community, highlighted the exchange activity in a recent social media update. According to Kuro, SHIB’s popularity within India continues expanding despite wider market uncertainty.

India has increasingly become a major center for retail cryptocurrency participation because younger investors continue favoring accessible digital assets with strong online communities. Moreover, meme-based cryptocurrencies remain highly active within the region due to growing adoption among mobile-first traders. Broader market sentiment also improved after U.S. labor market data supported investor appetite for risk assets. Reports showed the U.S. economy added 115,000 jobs during April, helping cryptocurrencies and equities post gains simultaneously.

At the time of writing, SHIB traded near $0.00000641 after posting a 2% daily increase. Weekly performance also remained positive with gains approaching 3%. Meanwhile, the token continued holding above its daily 50-day moving average, while traders monitored the 200-day moving average near $0.00000730 as the next resistance zone.

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