The SHIB Community Reacts to Massive Token Burn

The SHIB community was invigorated by a massive burn of 1.002 billion Shiba Inu tokens on a recent day. In a single transaction, one billion SHIB coins were sent to a dead-end wallet, leading to an astonishing 8,099% increase in the burn rate on that Monday.

Major Transaction Details

The one billion SHIB transaction was reported as the largest single transfer of the week, according to Shibburn, a blockchain tracker. In the past seven days, a total of 1,093,130,656 SHIB were removed from circulation, boosting the weekly burn rate by 101.7%.

However, in the last 24 hours, the community managed to burn 33,136,646 SHIB, indicating a sharp decrease of 96.7% compared to the previous day.

SHIB Price and Market Stats

> HOURLY SHIB UPDATE
> $SHIB Price: $0.00001344 (1hr -0.60% ▼ | 24hr 2.01% ▲)
> Market Cap: $7,912,167,058 (1.92% ▲)
> Total Supply: 589,253,546,542,569
>
> TOKENS BURNT
> Past 24 Hrs: 33,136,646 (-96.7% ▼)
> Past 7 Days: 1,093,130,656 (101.7% ▲)
> — Shibburn (@shibburn) March 25, 2025

Identity of the Whale Revealed

The whale responsible for burning 1 billion SHIB has identified itself as the @1cDream X account, which states it aims to burn billions of SHIB. This account is affiliated with the CENT meme coin on Shibarium and plans to execute these burns by converting a small number of BONE coins into SHIB and sending them to an unspendable wallet.

> “We want to burn 🔥 more! #Shibarmy join us, and let’s do it together!” 1 CENT DREAM $CENT (@1cDream) March 24, 2025

The account encouraged the SHIB army to collaborate in further SHIB burns.