##shibinu #SHIB💥 #btc #Sol #bake

**Shiba Inu Achieves Another Milestone: 8.5 Billion SHIB Burned, Total Shibarium Burns Exceed 25 Billion**

Shiba Inu remains committed to its strategic burning of SHIB tokens, utilizing a portion of Shibarium gas fees. In the latest series of Shibarium-powered burns, the team successfully incinerated a significant 8.53 billion SHIB, equivalent to $90,711, transferring them to the dead wallet in a single transaction at 00:30 UTC.

**Third Shibarium-Powered Burn**

This recent event marks the third instance of Shiba Inu burning substantial amounts of SHIB tokens through Shibarium fees, a fact confirmed by the marketing lead, Lucie.

**Shibarium Burns Surpass 25 Billion SHIB in Just 18 Days**

Initiated on December 4, the Shibarium-powered burns have seen remarkable progress, with a total of 25.38 billion SHIB burned in just 18 days. The team previously burned 8.24 billion SHIB on December 4 and 8.61 billion SHIB on December 16.

**Shibarium Transactions Exceed 160 Million**

The surge in SHIB burns on Shibarium correlates with a significant increase in the network's transaction volume. Since its mainnet launch four months ago, Shibarium has recorded an impressive 160.39 million transactions. From December 1 to the present, the network averages over 5 million transactions per day, reaching as high as 7.5 million transactions on certain days.

**SHIB Burn Rate Soars by 161,540%**

The recent burning of 8.53 billion SHIB has propelled the total tokens burned in the last 24 hours to 8.59 billion, resulting in an extraordinary burn rate surge of 161,540%. The cumulative amount of SHIB burned now stands at an impressive 410.68 trillion. Notably, Ethereum co-founder Vitalik Buterin played a crucial role in boosting this figure, sending over 410 trillion SHIB to the dead wallet in 2021.

Shiba Inu continues to demonstrate a commitment to reducing SHIB supply through strategic burns, leveraging the success of Shibarium-powered burns and the associated rise in transaction volume.