$3 Billion Worth of SHIB Tokens Burned! Is Vitalik Buterin a Firestarter?

Hey there, crypto enthusiasts and meme lovers! Get ready for a wild ride as we venture into the fiery world of Shiba Inu, the second-largest meme cryptocurrency. 🐕🚀

Burn, Baby, Burn!

So, Shiba Inu recently hit a major milestone that left the crypto world ablaze. The total number of SHIB tokens burnt soared past a whopping 410 trillion! 🌋💰

According to our trusty source, Etherscan, these tokens are currently valued at around $3.41 billion. That’s a whole lot of digital doggy treats, isn’t it? 🐶💸

Vitalik Buterin: The Original Burner

Now, let’s talk about the man, the myth, the legend: Vitalik Buterin. He’s not just the co-founder of Ethereum; he’s also the grandmaster of SHIB burning! 😎

Back in May 2021, Vitalik set the crypto world on fire by incinerating a jaw-dropping 410.24 trillion SHIB tokens. This historic act skyrocketed SHIB’s popularity within the crypto community faster than you can say “woof”! 🚀🔥

Meet the Burn Squad

But wait, there’s more! Shiba Inu has its own Avengers-style squad of token burners. Blaze Token (BLZE) takes the silver medal, torching approximately 11.7 billion SHIB tokens worth a cool $96.7k. 🔥💰

Then, there’s an anonymous wallet in the third spot, sending 10 billion SHIB tokens valued at $124.3k straight into the burn address. These mystery heroes sure know how to turn up the heat! 🔥🕵️‍♂️

Next in line are KOYO and MarSwap, holding the fourth and fifth positions. They’ve each burned 9.49 billion and 5 billion SHIB tokens, respectively, effectively removing them from circulation. Talk about hot competition! 🔥🔥

The Burn Rate Rollercoaster

Now, let’s talk about the ups and downs of SHIB token burning. On August 22nd, the SHIB community set a blazing new record by torching a jaw-dropping 1.01 billion SHIB in just 24 hours! 🔥🔥🔥

However, the burn rate rollercoaster has had its share of twists and turns. Last week, SHIBBURN reported a 38.76% reduction in the weekly SHIB burn rate, with over 1.84 billion SHIB tokens going up in smoke. That’s still a lot of tokens, but it’s a significant drop from previous levels. 🎢🔥

And here’s the latest scoop: The number of SHIB tokens burnt daily has been on a downward trend. In the 24 hours leading up to this report, only about 47.59 million SHIB tokens were burnt. That’s a whopping 50% drop from the previous period. It seems the burn party might be cooling off a bit! ❄️🔥

So there you have it, folks! Shiba Inu’s journey through the crypto bonfire, with trillions of SHIB tokens going up in smoke. Stay tuned for more crypto adventures and remember, in the world of memes and cryptocurrencies, it’s always a party! 🎉🔥💸