[ccpw id="39382"]

HomeCrypto NewsMarketBig Week For Shiba Inu Burns: 3.9B Shib Burned in 7 Days, 1.69B in 24 Hours

Big Week For Shiba Inu Burns: 3.9B Shib Burned in 7 Days, 1.69B in 24 Hours


Written By:

The Shiba Inu community is burning some massive amount of SHIB coins.

Shiba Inu army was able to burn 1.69B Shib in 24 hours and 3.9B tokens in a week.

24 Hour Burns

1.69 Billion Shiba Inu Burned in 24 Hours. Shiba Inu’s burn rate skyrockets 50,695% as a single wallet removes 1.69 billion SHIB.

Shibburn.com data recently revealed 1,695,572,371 (1.69B) SHIB burned in the past day. Interestingly, all these burns came from a mysterious wallet. No one has claimed responsibility for the burns, and the wallet remains unknown.


The impact of this recent activity cannot be understated, as the overall SHIB burn rate has skyrocketed by a staggering 50,695.69% in just one day.

This Week Burns

So far, 3,978,227,706 (3.97B) Shib have been destroyed this week. The largest burn of the week was 2.25B. These 2.25B SHIB tokens were burned in a single transaction on May 3rd.

The week was significant in SHIB burns as in April, only 3.26 Billion SHIB were burnt.

Following the burn, the total SHIB supply is reduced to 589,362,770,864,408 (589.36T). Out of the total supply, 574,170,068,499,555 (574.17T) SHIB are currently in circulation, whereas the long-term holders on ShibaSwap DEX are staking  15,192,702,364,852 (15.19T) SHIB.

As reported earlier by The Crypto Basic, SunCrypto, India’s premier cryptocurrency exchange, has announced a giveaway of 150 million SHIB tokens to 100 individuals.

In addition, Binance has added over 200 new digital assets, including Shiba Inu, to its Auto Invest program.

Moreover, Shiba Inu emerged as the most popular meme-based token in the United States of America (USA) and India, according to a recent study shared by CoinGecko.

Follow Us on Twitter and Facebook.

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.

More from Author