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HomeCrypto NewsMarketShiba Inu Starts Week with a Bang as 3B SHIB Burned At Once

Shiba Inu Starts Week with a Bang as 3B SHIB Burned At Once


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Shiba Inu Burn Rate up 23,420% as Blaze Token Burns 3B+ SHIB at Once.

The latest burn transaction brings Blaze Token’s cumulative burns to 6.7 billion Shiba Inu in just two weeks.

Blaze Token, a recently-launched project within the Shiba Inu (SHIB) community, has burned over 3 billion Shiba Inu tokens in a single transaction, raising the 24-hour burn rate to 23,420%. The latest burn exercise brings the project’s cumulative burns to 6.7 billion SHIB in just two weeks since it jumped on the burn campaign.


Data from Shibburn, a community-driven Shiba Inu burn tracker, shows that the transaction occurred today at 15:56 (UTC) and involved exactly 3,016,073,367 (3.016 billion) SHIB. This represents the largest single Shiba Inu burn transaction carried out throughout this year.

Shib Burn rate up 23420
Shib Burn rate up 23420

Notably, this is the third Shiba Inu burn exercise the Blaze Token team carried out since they started their contributions to the initiative on May 2. As previously reported by The Crypto Basic, the address belonging to the Blaze Token project incinerated over 2 billion SHIB at once on May 2.

Its second burn occurred five days later and involved 1.69 billion Shiba Inu. This transaction contributed massively to the cumulative SHIB burn for the past week, which stood at 1.74 billion tokens. The latest transaction is Blaze Token’s third transaction and represents the largest one so far.

The team behind Blaze Token claims that they are on a mission to “burn trillions of SHIB” through weekly burn transactions. Notably, the project collects a 10% fee for buy transactions and a 12% fee for sell transactions. These fees are then used to burn SHIB and BLZE, with 40.9% going into Shiba Inu burns.

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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.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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