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.
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.
In the past 24 hours, there have been a total of 3,034,309,519 $SHIB tokens burned and 2 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.— Shibburn (@shibburn) May 16, 2023
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.