Shiba Inu Exec Reacts as 1B SHIB Vanishes in Latest Burn

Highlights:

• Shiba Inu’s marketing officer has reacted to SHIB’s spiking burn rate.
• The memecoin ecosystem burned one billion tokens twice in three days.
• Lucie revealed that the same address was responsible for the massive two billion token burns.

Shibburn, the Shiba Inu (SHIB) official burns statistics website, has revealed that one billion SHIB tokens were removed from Shiba Inu’s circulating supply. The token burns occurred via a single transfer 13 hours ago, sparking excitement among SHIB enthusiasts.

Lucie, the Shiba Inu ecosystem official marketer, reacted to the massive token elimination via a tweet. She expressed excitement about the soaring SHIB burn rate. She also revealed that the same address that triggered the one billion tokens burn had eliminated the same number of SHIB three days ago.

Lucie stated:

“There was another 1B SHIB burn. Totally same address burned 2B SHIB in a 3-day frame.”

Lucie added that the same address burned 700 BONE and LEASH previously unstaked from ShibaSwap. Renowned for its massive circulating supply of 589 trillion tokens, the Shiba Inu ecosystem has constantly sought means to cut its supply. Despite ongoing efforts, SHIB’s circulating supply remains a major concern, hampering the token’s price performance.

There was another 1B SHIB burn.
Totally same address burned 2B SHIB in a 3-day frame.

What caught my attention?
The same address also burned 700 BONE and LEASH — unstaked from ShibaSwap.

Shib OG.
pic.twitter.com/FCvhSis3IS

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 27, 2025

SHIB Burn Rate Record Significant Surge in the Past 24 Hours

SHIB’s burn rate has soared 34,566.34% in the past 24 hours, with 1,027,706,047 burned tokens. Beyond the one billion burned SHIB, the coin’s ecosystem recorded other significant burns in the past 24 hours.

An address burned 22,143,862 tokens. Two different addresses eliminated over 2,000,000 SHIB each. Shibburn also disclosed three addresses that destroyed over 100,000 SHIB. Others include insignificant burns that were below 5,000 tokens.

Since the burning campaign began, the Shiba Inu ecosystem has eliminated 410,747,484,971,994 coins from the initial 999,982,339,482,135 maximum supply. The ecosystem currently holds 4,897,622,268,112 SHIB in staked assets.

Shiba Inu Ranks Above Bitcoin and Ethereum in Ratio of Long-Term Holders

While Shiba Inu might not boast the best price actions, its holders have shown strong faith in the token. In a recent tweet, IntoTheBlock compared cryptocurrencies with the highest percentage of long-term holders. Among the eight assets in IntoTheBlock’s shared chart, Shiba Inu ranked third with 75.8% long-term holders.

Meanwhile, Litecoin (LTC) and Chainlink (LINK) ranked first and second, respectively. Their percentage of long-term holders was 77.7% and 77.5%, respectively. Ethereum (ETH) and Bitcoin (BTC) followed Shiba Inu closely. ETH’s long-term holders were 74.2%, while BTC’s were 73.3%.

The remaining three cryptocurrencies that completed IntoTheBlock’s ranking were Tron (TRX), Avalanche (AVAX), and Toncoin (TON). They had long-term holders of 63.2%, 62.9%, and 3.9%, respectively.

This chart shows the amount of long-term holders across various assets

Which one stands out to you? pic.twitter.com/hRXeTxdVm5

— IntoTheBlock (@intotheblock) March 21, 2025

Despite its significant portion of long-term holders, other IntoTheBlock data shows that only 41% of SHIB holders are in profit at the current price. 2% are neither losing nor gaining, while 57% are accumulating losses. 74% of SHIB holders are whales, suggesting that larger spenders’ actions could influence the token’s price.

SHIB’s Price Records Decline Amid Positive Burn News

At the time of writing, Shiba Inu is down 3% in the past 24 hours, trading at approximately $0.000014. It ranks as the 20th most valuable cryptocurrency on CoinGecko with a $8.4 billion market cap. While SHIB’s short-term price has dipped, other extended period intervals have recorded upswings.

In the past week and month, SHIB soared by about 11.6% and 3.3%, respectively. However, its year-to-date variable remains significantly low at about 52.7%. Meanwhile, Shiba Inu’s 24-hour trading dropped 41.99% to about $315.63 million.