According to data from Shibburn, a massive 16,682,282 SHIB tokens were permanently removed from circulation in a single transaction. The tokens were sent to a dead wallet, sparking renewed interest within the Shiba Inu community.
The identity of the sender behind the burn has not been disclosed. Despite this, such burns are often linked to individuals, community-led efforts, or initiatives tied to Shibarium, Shiba Inu’s layer-2 blockchain.
Shibburn confirmed the transaction in a post on X, formerly known as Twitter. The post stated, “16,682,282 SHIB transferred to the dead wallet.”
The development adds to a notable increase in burn activity observed over the past week. According to Shibburn, 130,942,507 SHIB tokens have been burned in the last seven days.
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This represents a 73.32 percent surge in the burn rate compared to the previous weekly report. The increase highlights a growing push by the SHIB community to reduce the token’s circulating supply.
Since the launch of Shibarium, SHIB burns have become a regular part of the ecosystem. The blockchain enables utility-based burns, allowing transactions to trigger automated SHIB reductions.
While this transaction is not confirmed to be part of a larger plan, it aligns with recent burn trends. Community members and small projects continue to contribute to the long-term goal of achieving token scarcity.
Shibarium-Driven Burns and Community Efforts Gain Momentum
Activity on Shibarium has fueled a steady stream of burns across the ecosystem. Utility-based burns reward blockchain use, while manual burns continue through community participation.
Burning has proven to be the essential tool for reducing the overall supply of SHIB. Since January 2025, the supply control strategies have removed billions of tokens from circulation.
Each transaction to the dead wallet brings the ecosystem closer to its long-term vision. The community remains focused on supporting the token’s value through sustained burning activities.
As more SHIB tokens are sent to burn wallets, attention turns to what may follow. The constantly increasing burn rate suggests substantial future modifications to the Shiba Inu network.
Also Read: Shiba Inu Burn Rate Skyrockets 111% in a Day as Community Activity Returns
