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HomeCrypto NewsMarketShiba Inu Community Sets Fire to Over 2.7B SHIB in a Week

Shiba Inu Community Sets Fire to Over 2.7B SHIB in a Week


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Over 2.73 Billion Shiba Inu (SHIB) burned in the past week. MARSWAP (MSWAP) and Blaze Token emerge as the top SHIB burners of the week.

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Shiba Inu’s witnessed a decline in its burn rate over the past week as the Community burned 2.73 Billion SHIB.

In a recent report, Shibburn.com revealed that the Shiba Inu Community set fire to 2,734,359,742 (2.73B) SHIB through 130 separate transactions in the past seven days.

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This recent figure showcases a notable decrease of -52.77% in burn rate compared to the past week, where 3,054,599,199 (3.05B) SHIB were permanently taken out of circulation via eight distinct transactions.


One token, in particular, has emerged as the leading force behind this impressive burn rate. MSWAP made its debut on the ShibaSwap DEX on May 24th. The newly emerged token sent a whopping 1,350,604,128 (1.35B) SHIB to the dead wallet through hundred separate transactions while implementing a 1% tax on all buy and sell transactions.

Blaze Token

Not far behind, Blaze Token has made its mark as the second top SHIB burner of the week. In a single transaction executed on May 23rd, Blaze Token wiped out an astounding 1,238,951,893 (1.23B) SHIB from circulation forever, further contributing to reducing the token’s supply.

Past 24 Hours Burn

As reported earlier by The Crypto Basic, the Shiba Inu Community has destroyed 231,886,112 (231.88M) SHIB through eight individual transactions in 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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