Shiba Inu Burn Rate Skyrockets by 31,000% with 2.25B Tokens Burnt in One Day

shiba inu

Shiba Inu enthusiasts have achieved a remarkable feat by burning a record-breaking 2.25B SHIB in 24 hours through six transactions led by top contributors CultPunks and a mysterious wallet.


Newly-launched NFT collection, CultPunks, removes 246.74M SHIB from circulation with a single transaction executed approximately 19 hours ago, contributing to the token burn.

Read Also: Single Wallet Burns 247 Million Shiba Inu: Burn Rate Spikes 1500%

Blaze Token

In a significant transaction a few hours later, the Blaze sends a record-breaking 2B SHIB, valued at $19,992, to the dead wallet, further contributing to the token burn.

Burn Rate

The massive SHIB burns have resulted in an astounding 30,940.10% surge in the overall burn rate compared to the previous day, where only 5.83M tokens were burnt through three separate transactions.

Social Media

Shiba Inu remains a dominant topic on social media, with 536,000 tweets, making it the most talked-about cryptocurrency on Twitter.

At this time of writing, Shiba Inu is trading at $0.00000999 with a 24 hours trading volume of 336,655,000B according to TradingView chart.

Read Also: 150% Rise in Shiba Inu Inflows and Outflows: Impact on SHIB’s Price?

shiba inu
Current shiba Inu price according to TradingView chart

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