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06/15 08:43
Shiba Inu Burns 537 Million SHIB as Burn Rate Surg
Shiba Inu burns over 537 million SHIB in 24 hours, triggering a massive 3,484% spike in burn rate.
A single anonymous wallet destroyed over 310M tokens, playing a major role in Friday’s coordinated burn frenzy.
Shiba Alpha Layer unveiled, advancing Shiba Inu’s shift from meme coin to a utility-driven ecosystem.
The Shiba Inu (SHIB) community has once again demonstrated its unwavering commitment to reducing the meme coin’s astronomical supply, sending shockwaves through the burn tracking metrics. Over the past 24 hours, SHIB’s burn rate skyrocketed by a staggering 3,484.34%, fueled by a coordinated effort to incinerate over 537 million tokens, all permanently removed from circulation.
According to data from the SHIB burn tracking platform, five separate transactions were responsible for the destruction of 537,187,730 SHIB. The most notable burns originated from a single anonymous wallet ending in -82019a, which alone carried out three major burns amounting to 310.7 million, 107.3 million, and 103.2 million tokens, respectively, all within a matter of minutes.image-171-1-768x256.jpg
This relentless burn activity has also had a broader weekly impact, with the seven-day burn rate jumping by 481.17%, totaling 687,249,104 tokens destroyed. Much of this dramatic increase can be attributed to Friday’s half-billion token burn.
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