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HomeCrypto NewsMarketShiba Inu Burn Update: Over 1.4B SHIB Eliminated in October

Shiba Inu Burn Update: Over 1.4B SHIB Eliminated in October


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Shiba Inu Community Torches Over 1.46 Billion SHIB in October 2023.

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Shiba Inu’s monthly burn rate fell as the Community destroyed 1.46 billion SHIB tokens in October 2023.

Shiba Inu Community has removed 1,461,135,923 (1.46 billion) SHIB tokens from circulation over the past thirty through seven hundred and fifty-three (753) separate transactions.

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This marks a decrease of 37.12% in burn rate compared to September 2023, where 2,323,834,085 (2.32 billion) SHIB were permanently removed from circulation via four hundred and twenty-six (426) distinct transactions.

Top SHIB Burner of the Month

Shib Dream NFT, a project powered by ShibCoOP, has emerged as the leading SHIB burner of the month. The Shib Dream NFT team incinerated 350,000,000 (350 million) SHIB tokens within the final week of October.


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Etherscan.io data reveals that the project still holds 100,000,000 (100 million) SHIB in its wallet, signifying that more burns are on the horizon.

Shib Dream NFT Wallet Holding 100 million SHIB tokens
Shib Dream NFT Wallet Holding 100 million SHIB tokens

Trillions of SHIB Tokens on Move

Amidst the massive burning events, top Whales continue to shuffle trillions of Shiba Inu tokens.

Whale Alert, a leading blockchain tracking platform, recently revealed that the mysterious wallet has reallocated 4,474,530,677,374 (4.47 trillion) SHIB, worth $35,357,741 ($35.35 million) to another enigmatic wallet in a single transaction. The transaction occurred about 22 hours ago from press time.

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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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