Shiba Inu Burn Rate Plummets: 59.34% Decrease in September’s Token Burns

shiba inu

In a notable shift, reports a substantial drop in the monthly Shiba Inu burn rate as the community passionately burns through 2.32 billion SHIB tokens in September. has unleashed the monthly burn statistics for Shiba Inu, and the numbers are impressive. The Shiba Inu Community has actively transferred a whopping 2,323,834,085 (2.32 billion) SHIB tokens to the inferno addresses within the last thirty days, executing a total of 426 individual transactions.

This remarkable achievement stems from the community’s collective efforts and enthusiasm. It reflects a 59.34% decrease in the burn rate when compared to the previous month, during which the SHIB Community set a staggering record by incinerating 5,715,986,938 (5.71 billion) SHIB tokens across 763 separate transactions.

Related article: Shiba Inu Investor’s Astounding $5.7 Billion Success Story Revealed

KOY’s Shiba Inu Token Burn Contribution Noticed

A standout moment in September was when Koyo Token (KOY) took center stage by executing the most substantial burn transaction. This community-driven project sent a whopping 191,531,588 (191.53 million) SHIB tokens to the dead wallet in a single transaction on September 22.

Koyo Token has actively been participating in the SHIB token burning process since March 9, 2023, and the data confirms their outstanding contribution, with a total of 9,685,424,962 (9.68 billion) SHIB tokens burned to date.

Moreover, the Shiba Inu enthusiasts kept the momentum going in the final week of September, passionately torching 427,873,503 (427.87 million) SHIB tokens through 129 distinct transactions.

As previously reported by Fxcryptonews, Shibburn, the dedicated SHIB burn tracking platform, introduced a groundbreaking initiative known as the “Shib Association.” Under this initiative, Shibburn plans to pioneer a new blockchain exclusively for SHIB, where Shiba Inu will stand as the native gas token.

This blockchain will exclusively cater to Shiba Inu tokens, excluding other tokens within the Shiba Inu Ecosystem, such as Bone ShibaSwap (BONE) and the Doge Killer (LEASH).

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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