- A SHIB whale burned 2 billion tokens this week, with two massive transfers to a dead wallet tracked on Etherscan.
- CENT meme coin project claimed credit for both SHIB burns, signaling more community-driven efforts to reduce supply.
- SHIB Pay was launched by the team, allowing direct crypto payments with low fees and no middlemen involved.
A Shiba Inu whale executed a massive burn transaction, sending one billion SHIB to a dead wallet. The transfer was tracked through Etherscan and confirmed to have taken place around six hours before the news emerged. This was the second time the same wallet address conducted a similar burn within the same week.
According to the data, the wallet burned one billion SHIB tokens earlier in the week, bringing the total burned to over two billion SHIB. The same wallet address was also observed burning BONE and LEASH tokens shortly after unstacking them from ShibaSwap.
Burn Linked to CENT Meme Coin Project
On March 24, the CENT meme coin project publicly claimed responsibility for the initial billion-token burn. The project expressed intentions to conduct more burns in the future. Just days later, another one-billion SHIB transaction followed, suggesting that the CENT team followed through on its commitment.
In total, over 1,006,913,405 SHIB tokens were burned within 24 hours. The one billion SHIB transfer stood out as the largest single burn, followed by 16 smaller transactions. This marked a sharp rise of over 57,000% in the burn rate compared to previous activity levels.
SHIB Marketing Lead Lucie Reacts to Burn Movement
Lucie, the official SHIB marketing specialist, acknowledged the large transaction and highlighted the identical wallet used for both burns. She shared a screenshot of the transaction, underlining the scale and consistency of the token burns by this anonymous entity.
In addition to burn news, the SHIB team introduced a new feature called SHIB Pay. Announced via the Shibarium Updates account, this feature enables users to make direct crypto payments without intermediaries. It supports merchants and users with low fees, faster settlements, and global accessibility.
