The SHIB community witnessed a remarkable event when a single transaction burned 1.002 billion Shiba Inu tokens. This massive burn, which sent the tokens to a dead wallet, caused the SHIB burn rate to soar by 8,099% on Monday. The unexpected transaction led to intense discussions on X, as community members speculated about the identity of the whale responsible.
Largest Single Burn in a Week Confirmed
According to a tweet from the Shibburn blockchain tracker, the 1 billion SHIB burn remains the largest single transaction over the past week.
The tracker reported that, in total, 1,093,130,656 SHIB were removed from circulation over the last seven days, marking a 101.7% increase in the weekly burn rate. However, the burning momentum slowed down significantly.
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Over the past 24 hours, the community only burned 33,136,646 SHIB, causing the daily burn rate to plummet by 96.7% compared to the previous day’s surge. The largest transfer in this period accounted for 23,003,476 SHIB.
Shibarium Gas Fees Contribute to Burns
The SHIB website revealed that part of the latest burns resulted from Shibarium gas fees. A minimal amount of BONE tokens was converted into SHIB and then sent to an unspendable wallet, effectively removing them from circulation.
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The whale responsible for the massive 1 billion SHIB burn finally stepped forward. The X account @1cDream, affiliated with the CENT meme coin on Shibarium, claimed responsibility. This account focuses on burning billions and trillions of SHIB to reduce the token supply.
In response to Shibburn’s tweet, @1cDream expressed its commitment to continuing large-scale burns. The account encouraged the SHIB community to collaborate and push for even higher burn numbers in the future.
