SHIB Burns Rocket 1,488% As 100,530,829 SHIB Disappear In 2 Moves

The SHIB community keeps up its regular attempts at diminishing the circulating SHIB supply.

The SHIB burn metric has displayed an impressive four-digit growth since last morning with a smashing amount of SHIB transferred out of circulation.

Hundred million SHIB disappears

Data provided by the popular wallet tracker Shibburn, during the past day, the SHIB army has managed to dispose of a massive amount of SHIB. A total of 100,530,829 meme coins has been transferred to unspendable wallets.

This was the largest SHIB amount destroyed over the past week in one day. The majority of the aforementioned crypto chunk was burned in a single transaction, which carried 100,138,071 SHIB to a dead-end wallet. This propelled the burn rate up 1,488.51%.

Overall, in the past week, the SHIB army has destroyed 128,575,727 SHIB, but the weekly burn rate faced a drop of 87.80%.

Major warning from SHIB team

SHIB’s marketing lead, known to the community under the pseudonym Lucie, has taken to social media to address the SHIB army and warn them. Her recent post is dedicated to so-called engagement farmers.

Lucie stated that these social media users are capable of anything: “They’ll jump on any drama if it means more attention”, since they do not care for crypto holders and do not feel any responsibility.

“Ignore the noise,” Lucie advised. Expanding her tweet into a thread, she recommended the community ignore multiple trolls on the X app. The best thing holders can do in this case, Lucie believes, is to focus on their crypto bags.