16,682,282 SHIB at Go: Whats Happening?

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16,682,282 SHIB at Go: Whats Happening？

In a move that caught the attention of the Shiba Inu community, 16,682,282 SHIB tokens were transferred to a dead wallet and burned at one go, according to data from Shibburn.

Shibburn wrote in a recent tweet, “16,682,282 SHIB transferred to dead wallet.”

The identity of the sending wallet remains unknown, but burns are often initiated by community members, small projects, or burn initiatives on Shibarium. It is unclear whether this is part of a larger initiative or a stand-alone burn.

In the last seven days, 130,942,507 were burned, according to Shibburn data, marking a 73.32% surge in burn rate.

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So far in 2025, Shiba Inu has burned billions of tokens through community-led efforts and utility-based burns via Shibarium, SHIBs layer-2 blockchain. As these efforts continue, each transaction to the burn wallet brings the community closer to its goal of token scarcity and stronger long-term value.

Shiba Inu mildly rebounds amid lackluster market action

At press time, SHIB was up 0.98% in the last 24 hours to $0.00001199 as the market posted mixed trading action in the early Friday session.