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HomeCrypto NewsMarketShiba Inu Burn Rate Up 800% as Community Burns 1,000,000,000 SHIB in 24 Hours

Shiba Inu Burn Rate Up 800% as Community Burns 1,000,000,000 SHIB in 24 Hours


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Shiba Inu’s burn rate skyrockets over 800 percent as the Community set fire to 1,000,000,000 (1) billion SHIB in the past 24 hours.

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The Community-led burn initiatives have eliminated 1,013,502,366 (1.01 billion) SHIB from circulation forever through twenty-four separate transactions in the past 24 hours.

This figure showcases a notable 853.43% increase compared to the previous day, where the Community burned 106,300,211 (106.30 million) SHIB via twenty-three individual transactions.

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0xShibarium AI, Koyo Token (KOY), and MARSWAP (MSWAP) emerge as the top SHIB burners of the day.

0xShibarium AI

0xShibarium AI, a newly-launched token, transferred 418,719,732 (418.71 million) Shiba Inu tokens to the dead wallet in one transaction, marking the most substantial SHIB burn of the day. Per Etherscan.io data, the gigantic burn occurred precisely at 06:36:59 PM +UTC on August 21.


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Koyo Token

Shortly after, Koyo Token, a community-driven token, put a match to 331,507,457 (331.50 million) SHIB in a single transaction.

Koyo Token reignited its burn frenzy after about two months of pause. On June 21, the project eliminated 252,873,213 (252.87 million) SHIB from circulation in one significant transaction.

As of press time, Koyo Token has burned 9,493,893,373 (9.49 billion) SHIB.


MARSWAP, a native token of MARSWAP DEX, also contributed significantly to the SHIB burn over the last day. The project sent 179,281,557 (179.28 million) SHIB to the Inferno address via seven distinct transactions.

MARSWAP is showing unwavering commitment to burning SHIB since its inception in May. The project has burned over 4.5 billion SHIB in the past three months.

The intense burn activity failed to lift Shiba inu prices. As of writing this report, Shiba Inu is trading at $0.000007972, down -4% over the last day, with a 24-hour trading volume of $180,647,437 ($180.64 million).

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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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