Shiba Inu (SHIB) consistently showcases its identity as a community-driven project, with synchronized daily token burns embodying this collaborative spirit. Recent data from Etherscan.io reveals that the cumulative SHIB tokens held in the official burn address have reached 410.35 trillion SHIB—valued at $3.41 billion.
Top SHIB Token Burners in History
- Vitalik Buterin: Remains the largest SHIB burner, having sent 410.24 trillion SHIB to a dead wallet in May 2021.
- Blaze Token (BLZE): Eliminated 11.7 billion SHIB (~$96.7K).
- Mystery Wallet: Burned 10 billion SHIB (~$124.3K).
- KOYO Token (KOY): Removed 9.49 billion SHIB from circulation.
- MarSwap (MSWAP): Contributed 5 billion SHIB to burns.
👉 Explore the latest SHIB burn stats
Current Burn Metrics
- Burn Rate: +79.51% (24-hour period).
- Recent Burns: 85,194,367 SHIB destroyed in the past day.
Impact of Shibarium on SHIB Burns
The launch of Shibarium, Shiba Inu’s Layer-2 network, generated significant hype but yielded modest effects on token burns. Key observations:
- Weekly burns post-launch dropped by 38.76% (1.84 billion SHIB across 255 transactions).
- Monthly burns fell short of initial projections (5 trillion SHIB anticipated).
FAQ: Post-Shibarium Burn Dynamics
Q: How many SHIB tokens were burned after Shibarium’s launch?
A: Approximately 1.84 billion SHIB in the first week.
Q: Did Shibarium meet its burn-rate targets?
A: No—actual burns were below the 5-trillion-SHIB/month forecast.
SHIB Price Trends: A Volatile Journey
- Current Price: $0.000008073 (-3.26% daily; -19.6% over 14 days).
- Despite brief surges, SHIB continues to face downward pressure.
👉 Track SHIB’s real-time performance
Key Takeaways
- Community-driven burns reinforce SHIB’s decentralized ethos.
- Shibarium’s long-term burn potential remains uncertain.
- Price volatility underscores the speculative nature of meme coins.
For live updates, visit Shibburn.