The Shibburn tracking platform has reported a significant burn event involving the Shiba Inu (SHIB) token. Over the past 24 hours, tens of millions of SHIB tokens have been permanently removed from circulation, with the majority burned in a single transaction by an anonymous whale.
31.4 Million SHIB Burned in One Transaction
According to Shibburn's recent update, the SHIB burn rate has skyrocketed by 1,634.41% within the past day. A total of 32,567,798 SHIB tokens were burned, with 31,483,015 SHIB incinerated in a single transaction. The transaction was initiated by an anonymous SHIB whale who sent the tokens to an unspendable wallet, effectively locking them out of circulation.
Hourly SHIB Update (as of January 3, 2025):
Price: $0.00002274 (1-hour: +0.84% | 24-hour: +6.27%)
Market Cap: $13,386,574,644 (+6.33%)
Total Supply: 589,257,088,533,288
Tokens Burned:
Past 24 Hours: 32,567,798 (+1,634.41%)
Past 7 Days: 44,033,392 (-33.68%)
In its annual recap, Shibburn revealed that in 2024, a total of 44,623,604,014 SHIB tokens—worth slightly under $1 million—were burned. Despite this significant achievement, some community members expressed frustration, stating that burning a substantial portion of SHIB’s total supply could take years and delay substantial price gains.
Shytoshi Kusama's Podcast and Promises for 2025
Shiba Inu’s lead developer, Shytoshi Kusama, announced the launch of a podcast series comprising 44 episodes. In these episodes, Kusama plans to discuss the SHIB ecosystem, recent technological advancements, and the team's current projects. He also hinted at a major reveal and updates regarding the upcoming TREAT token.
The developer expressed optimism for the future, describing 2025 as "epic," with more developments expected on Shibarium and within the broader Shiba Inu ecosystem. Notably, December 2024 saw the launch of the SHIB Metaverse, offering users the opportunity to purchase virtual land, build customized spaces, and engage with the Shiba Inu community.