SHIB community actively burns over 101 million SHIB, driven by a dormant whale’s contribution.
Shibburn platform reveals top 10 largest burn transfers for SHIB, showcasing community involvement.
Anticipation builds for major SHIB burns with the upcoming Shibarium mainnet launch after the Blockchain Futurist Conference.
According to data provided by the Shibburn platform, which tracks SHIB burn transactions from Etherscan, the Shiba Inu community has actively participated in burning more SHIB tokens. In the past 24 hours, over 101 million SHIB tokens were destroyed.
A significant portion of these burns can be attributed to a dormant whale that remained inactive for 2.2 years. Shibburn has also published a list of the top 10 largest burn transfers for SHIB.
Shiba Inu burn rate surges by 196%
Shibburn reported that a total of 101,888,615 SHIB were sent to dead-end wallets since yesterday morning. These burns resulted in a 196% increase in the burn rate. The majority of the SHIB within this amount were transferred to an unspendable wallet by an anonymous whale, totaling 77,524,940 SHIB.
Notably, this wallet has only made three transactions, with the first one taking place approximately 2.2 years ago, as confirmed by Etherscan data.
Significant burns of Shiba Inu tokens are anticipated with the launch of the Shibarium mainnet by Shytoshi Nakamoto and the developer team. The release is expected to take place after August 16, following the conclusion of the Blockchain Futurist Conference in Toronto.