In the past week, the burn rate of Shiba Inu has witnessed a substantial surge, with the Community burning a total of 4.17 billion SHIB tokens. This remarkable achievement was accomplished through a series of twenty-seven individual transactions, resulting in the transfer of 4,175,261,803 SHIB tokens to the dead wallet.
This recent accomplishment signifies a significant 53% surge in the burn rate compared to the previous week. During the preceding week, a total of 2.73 billion SHIB tokens were permanently removed from circulation through one hundred and thirty (130) distinct transactions.
The top SHIB burners are:
Blaze Token has emerged as the primary contributor to the notable weekly burn of SHIB tokens. The project achieved a groundbreaking milestone by sending a record-breaking 3.60 billion SHIB tokens to the Inferno address in a single transaction on Monday, May 29th.
Koyo Token has established itself as the second top contributor to the SHIB burn, making a significant impact by burning 151.94 million SHIB tokens in a single robust transaction on Friday, June 2nd.
Additionally, the enigmatic wallet has also contributed to the reduction of the SHIB token supply. On Sunday, June 4th, this unidentified wallet eliminated a remarkable 100 million SHIB tokens in a single transaction.
Burn in The Last 24 Hours
In contrast, the Shiba Inu Community has only burned a small amount of 4.01 million SHIB tokens through two separate transactions within the past 24 hours. This reflects a significant decline in burn rate, with a decrease of -95.64% compared to the previous day.