The Burn Narrative Has Died: Why SHIB’s 117 Million Token Incineration Signals a Market Shift
On-chain data shows that on the 15th of this month, 117 million SHIB tokens...
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•
Raytoshi
•
2026-07-09
#SHIB
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Market Prices
BTC
Bitcoin
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+1.37%
ETH
Ethereum
$1,873.09
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SOL
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BNB Chain
$571.7
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$8.38
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Fear & Greed
28
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Event Calendar
202610
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
12
05
halving
BCH Halving
Block reward halving event
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
18
03
unlock
Sui Token Unlock
Team and early investor shares released
Tag Cloud
Tools
All →Altseason Index
43
Bitcoin Season
BTC Dominance
Altseason
Gas Tracker
Ethereum
28 Gwei
BNB Chain
3 Gwei
Polygon
42 Gwei
Arbitrum
0.5 Gwei
Optimism
0.3 Gwei
Market Cap
All →
1
Bitcoin
BTC
$64,891.3
1
Ethereum
ETH
$1,873.09
1
Solana
SOL
$76.38
1
BNB Chain
BNB
$571.7
1
XRP Ledger
XRP
$1.1
1
Dogecoin
DOGE
$0.0728
1
Cardano
ADA
$0.1683
1
Avalanche
AVAX
$6.62
1
Polkadot
DOT
$0.8378
1
Chainlink
LINK
$8.38
🐋 Whale Tracker
🔵
0x7f30...9653
6h ago
Stake
43,176 SOL
🔵
0x0997...e230
2m ago
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2,915,987 USDC
🔴
0x5f45...df1b
6h ago
Out
36,256 BNB
💡 Smart Money
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71%
0x3581...e606
Institutional Custody
-$2.7M
91%
0x2a60...6cc5
Top DeFi Miner
+$3.6M
73%