As part of its annual roundup, Shiba Inu burn tracking platform Shibburn reveals the staggering amount of Shiba Inu burned in 2024.
Shibburn shared the details in a X contribution on New Year’s Day. The burn tracking platform revealed that the combined efforts of the Shiba Inu ecosystem team and the Shiba Inu community resulted in the burning of over two dozen billion SHIB last year.
Over 40 billion SHIB were burned in 2024
According to the report, the market burned 44,623,604,014 (44.6 billion) SHIB last year, an impressive feat for the ecosystem.
The cumulative burned The amount is worth $991,090 at the current market price, roughly a million-dollar valuation. What is noteworthy is that this number does not accurately reflect the valuation as the ecosystem is burned that over 44 billion SHIB at different prices.
Meanwhile, the latest revelation came after Shibburn earlier stated that the Shiba Inu ecosystem burned over 2 billion SHIB in December. In a parallel tweetThe tracking platform revealed that the community permanently destroyed 2,679,767,542 SHIB across 143 transactions in the last month of the year.
Shiba Inu community responds
As expected, Shibburn’s burn statistics sparked reactions from the Shiba Inu community, which was largely unfazed by the number. Most comments following the report emphasized that the number of burns last year was not spectacular.
For example one user noted that the burns did not reach millions. Another enthusiast stated that at this rate, the ecosystem would not make progress in burning a significant portion of its 564 trillion token supply.
Aside from that,…
