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Shibburn's tracking platform revealed that over the past day, a large amount of SHIB meme coins were moved out of circulation and into blocked wallets.
Several tens of millions of SHIB was burned With the majority gone in one transaction made by an unknown whale.
31.4 million SHIB were anonymously burned at once
The tweet posted by Shibburn earlier today shows that the burn rate of the second most popular dog-themed meme coin SHIB has increased by 1,634.41% in total. Overall, this time the SHIB community was able to take 32,567,798 SHIB out of circulation.
Almost all of this amount - 31,483,015 SHIB - was burned in one step as it was sent to a non-spendable blockchain address. The deal was initiated by an anonymous Whale-SHIB enthusiast.
On January 1, Shepburn summarized the 2024 results in terms of the amount of meme coins that were taken out of circulating supply last year. It turns out that this is it Huge 44,623,604,014 sheep. That was worth just under a million dollars in paper currency. However, in the comments, many SHIB enthusiasts expressed their disagreement, saying that it would likely take years to burn through the majority of SHIB's supply and that they were not willing to wait that long for the coin's price to rise significantly.
Meanwhile, according to the same data source, in December the SHIB community successfully burned 2,679,767,542 SHIB.
Related to
Chitoshi Kusama Launches Cryptocurrency Podcast, Promises an 'Epic' 2025
On December 31, SHIB's mysterious lead developer, Chitoshi Kusama, posted a tweet announcing an upcoming series of podcasts he's hosting, which will total 44 episodes.
In this podcast, Kusama plans to tell the community about SHIB, the SHIB team's recent technical achievements and what they're working on now, as well as explain "something very important." He also plans to talk about the upcoming launch of the TREAT token.
Kusama summed up his tweet by saying that 2025 is going to be epic, which means the release of his podcast and more things to come on Shibarium and within the Shiba Inu ecosystem. In December, the SHIB team finally launched the SHIB Metaverse, inviting SHIB users to join and buy plots of land in the virtual space, build custom homes there, and spend time with other Shibizens.
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