Shiba Inu achieves new single-day burn record

In a remarkable display of community participation, the Shiba Inu burn rate witnessed a significant surge as more than 3.03 billion SHIB tokens were permanently removed from circulation in a single day.

Shiba Inu achieves new single-day burn record

This extraordinary achievement was accomplished through the execution of two separate transactions.

Leading the charge in burning SHIB tokens, Blaze Token, a recently introduced cryptocurrency, set a new record by sending 3,016,073,367 SHIB to a dead wallet in a single transaction approximately 14 hours before the time of this report.

Since its launch on May 2, Blaze Token has conducted three substantial transactions, resulting in the destruction of 6.71 billion SHIB tokens, equivalent to a value of $59,099.

Additionally, an inactive wallet that had remained dormant for over a year suddenly sprang back to life and eliminated its entire SHIB holdings, totaling 18,236,152 tokens, in a single transaction.

Although only 11.42 million SHIB tokens were burned through a single transaction in the previous day, the overall Shiba Inu burn rate experienced an astounding increase of 26,450.21% due to the extensive burning activities observed.