According to CryptoPotato: Shiba Inu, a popular meme cryptocurrency, has reached a significant milestone as over 410 trillion SHIB tokens have been burned. Etherscan data reveals that the SHIB burn address now holds 410.35 trillion tokens, with a current value of approximately $3.41 billion. Vitalik Buterin, co-founder of Ethereum, is the largest SHIB burner, having burned around 410.24 trillion SHIB in May 2021, an event that greatly increased the token's popularity within the crypto community.
Blaze Token (BLZE) ranks as the second top SHIB burner, having burned about 11.7 billion SHIB worth $96.7k. An unknown wallet is in the third position, having sent 10 billion SHIB valued at $124.3k to burn addresses. KOYO and MarSwap hold the fourth and fifth positions, having burned 9.49 billion and 5 billion SHIB tokens, respectively.
On August 22, the SHIB community set a new record by burning 1.01 billion SHIB in just 24 hours. However, the SHIB burn rate has since declined, as reported last week. SHIBBURN data shows that over 1.84 billion SHIB tokens were burned in about 255 transactions last week, representing a 38.76% reduction in the weekly SHIB burn rate. More recent statistics indicate a decreasing trend in the number of SHIB tokens burned daily. For example, in the 24 hours before this report, approximately 47.59 million SHIB tokens were burned, a 50% drop from the previous period.
