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HomeCrypto NewsMarketShiba Inu 24-Hour Burn Rate Up by 26,000% as Biggest Burn of the Year Occurs

Shiba Inu 24-Hour Burn Rate Up by 26,000% as Biggest Burn of the Year Occurs


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More than 3 billion Shiba Inu burnt in a day.

Shiba Inu’s burn rate skyrockets as the Community burned over 3.03 billion SHIB within 24 hours. Blaze Token emerges as the leading SHIB Burner with a record-breaking transaction.

Shiba Inu Community has permanently removed 3,034,309,519 (3B) from circulation in the past 24 hours. This groundbreaking achievement was accomplished through two distinct transactions.

Blaze Token

Blaze Token, a newly emerged token, has sent a record-breaking 3,016,073,367 (3B) SHIB to the dead wallet in a single transaction executed about 13 hours ago from press time. This marked the largest burn transaction of the year so far, as reported by The Crypto Basic.

Since its launch on May 2, Blaze Token has executed three monumental transactions to destroy a total of 6,716,000,000 (6.71B) SHIB, worth $59,099 ($59.09K).

Mysterious Wallet

In addition, a mysterious wallet that remained dormant for over a year has suddenly come to life and eradicated its entire SHIB holdings, totaling 18,236,152 (18.23M), through a single transaction executed about 9 hours ago.

The massive burn activity has caused the overall Shiba Inu burn rate to skyrocket by 26,450.21% over the last day, where only 11,428,571 (11.42M) SHIB were burned through a single transaction.

SHIB Burn Rate
SHIB Burn Rate Skyrockets By 26450 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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