Shiba Inu has surpassed 20,000 burn transactions, removing 410.8 trillion SHIB tokens from circulation and reducing total supply by 41.08%, according to data from Shibburn. The burned tokens hold an estimated value of $7.36 billion, reflecting years of incremental ecosystem efforts to tighten supply.
Burn Transaction Milestones
Data from Shibburn shows Shiba Inu has recorded 20,696 burn transactions. These burns collectively removed 410,839,848,304,549 SHIB tokens from circulation. Shiba Inu launched with a supply of one quadrillion tokens. Continuous burn efforts have reduced total supply to 589,160,151,695,451 SHIB.
Recent Burn Activity
Recent activity shows mixed short-term momentum. In the past 24 hours, 1,591,370 SHIB tokens were burned, marking an 81.28% drop compared to the previous day. The decline follows a temporary surge recorded on April 15.
Weekly burn figures show moderate accumulation. A total of 59,338,197 SHIB tokens were sent to dead wallets in seven days. Meanwhile, market data indicates 196,822,452 SHIB tokens were purchased over the last 30 days. The buying activity and burn rates often move independently.
Vitalik Buterin’s Historic Burn
In May 2021, Ethereum co-creator Vitalik Buterin burned 90% of his SHIB holdings in a single transaction. The transfer removed over 410 trillion SHIB tokens. At the time, the burned tokens carried an estimated value of $7 billion.
Buterin had received half of SHIB’s total supply without prior consent and later decided to eliminate most of the allocation through a transfer to a dead address. The remaining 10% of his holdings went toward charitable causes. Analysts describe this transaction as one of the largest in crypto history, noting that no other burn transaction matches its scale. Experts say the 410 trillion SHIB burn remains unmatched when focusing on burn-specific transfers.
Current Market Status
At the time of writing, Shiba Inu was trading at $0.000000609, up 6.01% over the last 24 hours.
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