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HomeCrypto NewsMarketShiba Inu Burns 25.6 Million SHIB in 24 hours

Shiba Inu Burns 25.6 Million SHIB in 24 hours


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Over 25.6 Million Shiba Inu (SHIB) burned in the past 24 hours, 9.50 Million by a single wallet.

The Shiba Inu Community has made a significant move in reducing the total supply of SHIB tokens. In the past 24 hours, the Community collectively destroyed 25,604,920 (25.6M) SHIB through eight separate transactions.

According to the stats community burned 1.07 billion Shib in the past seven days.


The most significant transaction was carried out by the popular Community-led burn project called “SHIB Super Store.” During its 52nd weekly burn event, the project sent 9,506,057 (9.50M) SHIB to the dead wallet via the official SHIB Burn Portal in a single transaction executed 10 hours ago from press time.

In addition, the SHIB Super Store project has also rewarded the community by distributing 9.40 million Shiba Inu among its members. This move is expected to help boost the community’s morale and encourage more participation in similar events in the future.

It is worth noting that the SHIB Super Store project has been consistently burning Shiba Inu since November 2021. The individual project has set fire to 3,486,315,765 (3.48B) SHIB through multiple transactions. Additionally, the project has rewarded the Community with 314,014,945 (314.01M) through its Burn and Earn Program.

This move by the Shiba Inu Community comes after they burned a record-breaking 6,782,788,547 (6.78B) SHIB through 540 separate transactions in March 2023.

Despite the massive burn, the overall Shiba Inu’s burn rate declined -by 20.03% over the past day.

Shiba Inu Burn Rate Plunges 20 Percent over the Past 24 Hours
Shiba Inu Burn Rate Plunges 20 Percent over the Past 24 Hours

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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