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HomeCrypto NewsMarketMassive Burn: 1.52 Billion Shiba Inu Burned in a Day

Massive Burn: 1.52 Billion Shiba Inu Burned in a Day


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Shiba Inu Community Sets Fire to Record 1.52 Billion SHIB in 24 Hours.

In the past 24 hours, the Shiba Inu Community has made a significant move by collectively sending 1,524,520,814 (1.52B) SHIB to the dead wallet through twelve separate transactions. Koyo (KOY), a mysterious wallet, carried out the most significant transactions.


Koyo Burns 1.49B SHIB

Koyo (KOY) made a groundbreaking move by setting fire to a record 1,494,278,561 (1.49B) SHIB in one transaction about 23 hours ago from press time. This latest burn brings Koyo’s total number of burned SHIB to a staggering 8,757,565,854 (8.75B).

Mysterious Wallet

A few hours later, a mysterious wallet transferred 16,712,083 (16.71M) SHIB to the “inferno” address in a single transaction. The wallet now holds 324,727,029,792 (324.72B) SHIB, worth $3,643,437 ($3.64M).

The massive burn transactions have caused Shiba Inu’s burn rate to surge by an eye-popping 45237.78% over the past day.

Shiba Inu Burn Rate 1
Shiba Inu Burn Rate 1

Despite the intense burning activity, Shiba Inu’s price remains on the back foot. As of press time, Shiba Inu is trading at the price of $0.00001118, down -2.04% over the past day with a 24-hour trading volume of $254,274,179 ($254.27M).

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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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