The post SHIB Burns Jump 750% As 17,127,069 SHIB Get Kicked Out of Circulation appeared on BitcoinEthereumNews.com.

The SHIB community continues its regular attempts to make a noticeable dent in the circulating Shiba Inu supply by burning these meme coins. Yet another large token burn has been conducted during the past day. In the meantime, the SHIB team has issued a critical warning regarding scammers who are trying to impersonate Shiba Inu lead Shytoshi Kusama. SHIB burns soar 750% According to data published on the Shibburn website, over the last 24 hours, the community has succeeded in giving the SHIB burn rate a significant rise of almost 750%. This increase came as a result of 17,127,069 SHIB meme coins burned in total. Source: Shibburn The largest amount of coins transferred to an unspendable wallet in a single move here constituted 16,274,641 SHIB, and it occurred roughly 16 hours ago. The second-biggest transfer was less than even one million meme coins, comprising 792,393 SHIB. Related Two billion SHIB burned last week Per tweets published by the same data source, last week, the meme coin community witnessed the destruction of a staggering two billion SHIB tokens. They were burned in chunks slightly surpassing 1,000,000,000 SHIB, with a two-day pause in between. The second transfer was even spotted by the SHIB team and highlighted on the X platform by their marketing lead, Lucie. She confirmed that the anonymous whale who made the one-billion SHIB burn last Thursday also stood behind the similar token removal made on Monday. That proved to be the account of the meme coin CENT that runs on Shibarium. Related SHIB team issues big Kusama warning On Sunday, the @susbarium X account affiliated with the Shiba Inu team addressed the SHIB community with an important warning, mentioning the name of pseudonymous Shiba Inu lead Shytoshi Kusama. The tweet warned the SHIB army to beware of fake profiles…

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Filed under: News - @ March 31, 2025 11:28 am