An unknown Shiba Inu investor who burned 1 billion SHIB earlier this week has incinerated another 1 billion tokens, bringing their total monthly burns to 3 billion.
As usual, popular community-driven burn tracker Shibburn indexed the latest transaction, which occurred today at 01:32 a.m. (UTC).
🔥🔥🔥 1,000,000,000 $SHIB -> transferred to dead wallet. https://t.co/0jFLU2XlDW
— Shibburn (@shibburn) March 27, 2025
The individual or group behind the blockchain wallet, ‘0x55B…182E3’, moved 1 billion SHIB to the official dead wallet in one transaction, permanently removing the tokens from circulation. Notably, the dollar equivalent of these 1 billion SHIB is $14,400 at the current exchange rate of $0.00001444 per token.
Not New
This transaction comes days after the same address transferred 1 billion SHIB to the dead wallet on March 23. With this latest burn, the wallet has incinerated a whopping 2 billion SHIB within three days.
It bears mentioning that the wallet has been actively involved in reducing SHIB’s supply through burns. On March 15, it sent 1 another billion SHIB to the dead wallet in one transaction. This implies that the user has now burned 3 billion SHIB in March alone.
Besides its recent burns, the address also set ablaze nearly 2 billion SHIB last year in two transactions—1 billion tokens in August 2024 and 700 million burned in February 2024. However, despite the impressive contributions, no individual or project has stepped up to claim responsibility at press time.
Following the latest incineration exercise, the address has a zero SHIB balance. It also has an overall crypto balance of around $40, indicating that the address will not conduct any major SHIB burn any time soon until it receives funding from external sources.
Significance to Daily SHIB Burn
Meanwhile, the latest figure represents 99.31% of the total 1,006,913,405 (1.006 billion) SHIB tokens burned over the past 24 hours.
Notably, the second-biggest burn registered in the past day led to the removal of 2.5 million SHIB from circulation, while the third largest eliminated about 2.12 million tokens.
Amid these hefty incinerations, Shiba Inu’s burn rate spiked 57,069%, indicating that the number of tokens incinerated over the past 24 hours is 570x bigger than the previous day’s volume.
Overall, over 410.74 trillion tokens have been permanently removed from circulation, leaving Shiba Inu with a total supply of 589.25 trillion SHIB.
The goal is to burn as many tokens from the supply as possible to potentially boost the value of the remaining ones to loftier targets, with some eyeing goals like $0.0001. At the current exchange rate of $0.00001444, SHIB is 592.52% away from hitting the $0.0001 target.