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Shiba Inu has surpassed 20,000 burn transactions, according to the Shibburn website, which gives the total count as 20,696.
In all, 410,839,848,304,549 $SHIB tokens worth $7,358,037,071 have been burned. This represents 41.08% of the initial $SHIB supply. Shiba Inu had an initial supply of 1 quadrillion tokens at its launch.
Following thousands of burn transactions over the years, Shiba Inu's total supply has shrunk to 589,160,151,695,451 $SHIB, according to the Shibburn website.
In the last 24 hours, 1,591,370 $SHIB were burned, adding up to 59,338,197 $SHIB sent to dead wallets in the last seven days. A cumulative of 196,822,452 $SHIB has been bought in the last 30 days. The 1,591,370 $SHIB burned in the last 24 hours marks an 81.28% drop from the past day, reversing a rise from April 15.
Biggest $SHIB burn of all time
While a total of 410,839,848,304,549 $SHIB tokens burned remains notable in Shiba Inu's burn push, a single transaction that contributed significantly to this figure cannot be overlooked.
In May 2021, Ethereum co-creator Vitalik Buterin burned 90% of his $SHIB holdings, totaling around $7 billion at the time, after he was unwillingly gifted half of $SHIB's total supply. Over 410 trillion tokens were sent to a dead blockchain address in a single transaction, removing them from circulation. The remaining 10% was earmarked for charitable causes by the Ethereum co-creator.
According to analysts, 410 trillion Shiba Inu burned by Ethereum creator Vitalik Buterin remains among the biggest single crypto transactions of all time.
A number of transactions have a place in history, but none stand out compared to Buterin's massive 410 trillion Shiba Inu burn if transactions to burn addresses are taken into consideration. The $7 billion burn by the ETH creator might also be among the biggest transactions of all time if this is considered.