Shibburn Spurs 1516% as SHIB Community Burns 6.3B in a Week

• The biggest burn sees 3.6 billion $SHIB set ablaze in one go.
• SHIB trades in the consolidation phase with no bullish on-chain signs.
• The Official SHIB Token Discord server was paused due to conflicts.

The community behind the popular memecoin Shiba Inu (SHIB) burned over 6.3 billion tokens in a week. One hundred thirty transactions totaled 2,734,359,742, while the most significant contributor is Blaze Token, a new memecoin that’s rumored to be building on Shibarium. 

Blaze Token’s team sent 3,601,495,249 Shiba Inu tokens to a dead wallet. The transaction recorded on EtherScan equals a heavy $31,315. Blaze Token’s deed broke the yearly record of 3,016,073,367 $SHIB.