The Shibburn tracking platform has revealed that a significant number of SHIB tokens were removed from circulation in the past 24 hours and sent to dead wallets. This event involved burning tens of millions of tokens, with the majority burned in a single transaction.
31.4 Million SHIB Burned by an Anonymous Whale
According to a tweet by Shibburn, the burn rate of SHIB, the second-most popular dog-themed meme coin, surged by 1,634.41%. A total of 32,567,798 SHIB was removed from circulation, with 31,483,015 SHIB burned in a single transaction by an anonymous whale, sending the tokens to an unspendable blockchain address.
Record SHIB Burns in 2024
At the beginning of the new year, Shibburn summarized the SHIB burn activities for 2024. Over the year, 44,623,604,014 SHIB were removed from circulation, equivalent to approximately $1 million in fiat value.
However, some members of the community expressed skepticism about the burn rate, calling it too slow. They argue that at the current pace, it could take years for the token’s price to see a significant increase. In December alone, 2,679,767,542 SHIB were burned.
Shytoshi Kusama Promises an Epic 2025
On New Year's Eve, Shytoshi Kusama, the lead developer of SHIB, announced a new podcast series with 44 episodes. In these podcasts, Kusama plans to share updates about the SHIB project, the team’s technical achievements, and upcoming initiatives, including the launch of a new token, TREAT.
Kusama hinted that 2025 will be “epic,” referencing significant announcements related to Shibarium and the broader Shiba Inu ecosystem.
Launch of SHIB Metaverse
In December, the SHIB team launched the SHIB Metaverse, allowing users to purchase virtual land, build customized homes, and interact with other “Shibizens.” This marked another milestone for the Shiba Inu ecosystem, expanding its use cases in the digital space.
Conclusion
The SHIB burns and developments in the Shiba Inu ecosystem demonstrate ongoing growth and engagement. With ambitious plans for 2025, including new tokens, podcasts, and the metaverse, the SHIB community has much to look forward to, even as challenges remain.
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