Millions of SHIB Burned—Is the Dogecoin World Finally Catching Fire?

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According to the ever-watchful oracle known as Shibburn (the ‘on-chain burn tracker’ for those who enjoy fancy titles), the Shiba Inu team has been busy torching meme coins like they’re trying to roast marshmallows for an army of very confused crypto fans. In just one day, millions of these tiny digital pups have been nudged off the circulating supply bus, never to come back.

As a result, the SHIB burn metric decided to do a little spontaneous dance, skyrocketing into the realm of three-digit percentage increases — which in crypto-land means “Wow, somebody just lit the fireworks! 🎆”

SHIB burns spike 117% with millions of SHIB scorched

Details from that trusty Shibburn platform indicate that over the past 24 hours, the Shiba Inu immolation rate has jumped by a laser-precise 116.76%. A stout 25,696,960 SHIB were ceremoniously escorted into blockchain purgatory, aka the unspendable wallet — a place where digital coins go to nap forever. 🕳️

Among the ceremonial sacrifices were six sizeable transactions. The grandest torching involved a hefty pile of 14,879,045 SHIB, followed by a respectable 8,000,000 SHIB, along with a trio of about-one-million-SHIB transfers each, all simultaneously throwing themselves onto the digital bonfire.

881,353,310 SHIB torched per recent update

The “Shibarium Updates” herald (who tweets under the charmingly optimistic handle @Shibizens) announced that the entire inferno was even bigger than reported above. Thanks to the ShibTorch platform, a staggering 881,353,310 SHIB have been immolated. The numbers apparently include recent crispy burns of 16,682,282.98 SHIB and 521,134.84 SHIB on April 14 and April 18, respectively.

The magic recipe for this mass incineration involves converting gas fees from Shibarium transactions, paid in BONE tokens — yes, BONE — because why not name your currency after skeleton bits? Around 30% of these fees are ceremonially set aside, turned into SHIB, and then tossed into the pyre once enough BONE has been collected. It’s basically a blockchain ritual, with slightly less chanting.

ShibTorch V2, the sequel no one expected, is part of the SHIB Operating System (SHIB O.S), released earlier this year, which evolved from a manual “light the match yourself” process to a fully automated “fire robot” mode. Because if you want flames, you want them efficiently and without risk of singed fingers.

SHIB price’s fresh surge

Not content with just burning coins, Shiba Inu also decided to spice up weekend vibes with a nearly 5% price hop. Sure, there was a tiny stumble of 1.38% on Sunday — because nothing worth having comes without a dramatic dip — but it recovered quicker than you can say “paw-some.”

Saturday saw SHIB bouncing back from a 2.56% slide, rebounding from $0.00001214 to a slightly more dignified $0.00001272, where it is casually exchanging paws as we write this. In the whimsical world of meme cryptocurrencies, that counts as a good day’s walk in the park.

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2025-04-21 12:02