Newly Emerged Token Burns 1.69 Billion Shiba Inu

Cryptonews

Over 1.69 Billion Shiba Inu (SHIB) Burned in the Past Hour.

Shiba Inu’s burn rate skyrockets as a newly launched token burned over $15K worth of Shiba Inu in a single transaction.

Blaze Token, a newly emerged token, has made headlines again with its recent announcement that it has reduced the supply of SHIB further by a massive 1,695,524,269 (1.69B) tokens worth $15,327 in a single transaction executed just an hour ago.

https://t.co/yzqjpuP3qX#SHIBARMY We have done it again!

Another 1,695,524,269 $Shib BURNED!
Total $Shib burned by #Blaze = 3,700,789,543 $Shib

Another 1,079,412,440.61 $Blze BURNED!
Total $Blze burned = 6,463,010,909.18 $Blze

Join @blaze_token Together We Grow
#Shibburn

— Blaze Token (@blaze_token) May 8, 2023

This marks the second time in just seven days that Blaze Token has made such a move. On May 2, Blaze sent 2,005,265,274 (2B) SHIB, worth $18,127 to the dead wallet in a record-breaking transaction.

In total, the Blaze Token has put a match to a whopping 3,700,789,543 (3.70B) SHIB through two separate transactions in the last seven days.

The massive burn transaction has resulted in an eye-popping increase of 38071.39% over the last day.

SHIB Burn Rate Skyrockets By 38071 Percent in the Past 24 Hours

As reported by The Crypto Basic, the Shiba Inu Community has collectively removed a whopping 3,981,194,931 (3.98B) SHIB from circulation forever through nineteen individual transactions in the past week.

Shiba Inu continues to struggle despite the recent surge in burn activity. As of press time, Shiba Inu is trading at the price of $0.000008987, down -4.96% over the past day with a 24-hour trading volume of $146,375,540 ($146.37M).