Introduction
SHIB burn refers to the process of permanently removing SHIB tokens from circulation, making them inaccessible and unrecoverable. This article explores the mechanisms of SHIB burn, the addresses involved, the burn rate, and the impact on the token’s price.
SHIB Burn Addresses
There are three special null addresses used to burn Shiba Inu tokens. These addresses were not established by the Shiba Inu development team; instead, they are integral to the Ethereum network and are employed for the burning of other tokens as well.These addresses are not accessible by anyone and have no obtainable keys.
Burn Address 1: 0xdead000000000000000042069420694206942069
Mostly used since it’s the same address co-founder of Ethereum, Vitalik Buterin, used to burn $6.7 billion in SHIB tokens.
Burn Address 2: 0x000000000000000000000000000000000000dead
Used by the team for ShibaSwap listings.
Burn Address 3:…
