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.
CultPunks
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?
