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HomeCrypto NewsMarketBurn Rate Up 31,000% As 2.25B Shiba Inu Burnt in a Day

Burn Rate Up 31,000% As 2.25B Shiba Inu Burnt in a Day


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Shiba Inu Enthusiasts Burn Record 2.25 Billion SHIB in 24 Hours.

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In a remarkable feat, the Shiba Inu enthusiasts have set fire to a record 2,259,598,377 (2.25B) SHIB in the past 24 hours. This milestone was achieved through six separate transactions, with CultPunks and a mysterious wallet emerging as the top contributors to the burn.


CultPunks, a newly launched NFT collection on Modulus Network, has removed a 246,743,138 (246.74M) SHIB from circulation forever in a single transaction executed about 19 hours ago from press time.

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Blaze Token

A few hours later, the Blaze sent a record-breaking 2,005,265,274 (2B) SHIB, worth $19,992, to the dead wallet in one significant transaction.

Burn Rate

These massive burns have caused the overall burn rate to surge by an eye-popping 30,940.10% compared to the previous day, where only 5,834,817 (5.83M) were burned through three distinct transactions.

Social Media

The Shiba Inu craze continues to dominate social media, with the coin being the most-talked-about cryptocurrency on Twitter with 536,000 tweets.

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SHIB Trending on Twitter
SHIB Trending on Twitter

SHIB Trending on Twitter

In the past seven days, it has also emerged as the second most trending coin on CoinMarketCap, only next to Bitcoin (BTC).

Trending Coins on CMC in Past 7 Days
Trending Coins on CMC in Past 7 Days

As reported earlier by The Crypto Basic, 1,853,613 (1.85M) users on CoinMarketCap have added Shiba Inu to their watchlists to keep a close eye on its recent price movements.

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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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