A sharp increase has been seen in the Shiba Inu burn rate, with over 3.03 billion SHIB being burned by the community in 24 hours. Blaze Token has established itself as the premier SHIB burner, with a transaction that has broken records.
Blaze token
Blaze Token, a recently introduced token, has sent a record amount of 3,016,073,367 SHIB to a dead wallet. This single trade, executed about 13 hours ago, marks the biggest burn trade of the year so far.
Since its debut on May 2, Blaze Token has executed three trades to burn a total of 6,716,000,000 (6.71B) SHIB, equating to a value of $59,099.
Mysterious wallet
In addition, a mysterious wallet, which had been inactive for over a year, suddenly became active again and destroyed all of its SHIB tokens. It involved a transaction of 18,236,152 tokens that was made about 9 hours ago. This significant burn has increased the Shiba Inu’s overall burn rate by a whopping 26,450 percent in the past 24 hours.