- Shiba Inu burn rate jumped 984.58% in 24 hours, with over 16.9 million tokens destroyed by eight burn transactions.
- The largest burn transactions removed nearly 10 million SHIB from circulation, executed by anonymous wallets.
- Weekly SHIB burns declined by 57.6%, showing inconsistent long-term burn activity despite daily surges.
The Shiba Inu burn rate surged by 984.58% within the last 24 hours, according to data from the Shibburn tracking platform. The community collectively removed over 16.9 million SHIB tokens from circulation by sending them to unspendable wallets. This spike in burn activity occurred as the overall cryptocurrency market showed signs of recovery, with green movements across major assets.
Largest SHIB burns from anonymous wallets
The Shibburn website reported eight burn transactions, with the three largest removing 9.9 million, 4.3 million, and 1.2 million SHIB tokens respectively. These transactions were conducted by different anonymous wallets. Despite the daily burn showing strong activity, weekly figures reflected a downturn in momentum.
Weekly SHIB burn reached only 43.6% of its previous level despite daily burning reaching high levels. The SHIB community succeeded in eliminating 79.5 million tokens throughout the last seven days. Overall consistent burning presents difficulties for the SHIB community irrespective of sporadic individual burning efforts.
SHIB price gains strength from general market momentum trends.
The market change brought positive results for Shiba Inu’s price movement. The current price of SHIB stands at $0.00001233 with daily figure reaching a 6.2% gain. The market positivity enhances community involvement while the token value rises.
Due to market recovery signals SHIB continues becoming an area of intense ecological activity tracking. The community depends on Shibarium and token integration programs as well as burn initiatives to sustain long-term value for the ecosystem.
