Shibburn Spurs 1516 As SHIB Community Burns 6.3B In A Week

It’s getting boiling hot for Shiba Inu with the yearly burn record shattered twice in one month.

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The biggest burn counts 3.6 billion $SHIB set ablaze in one go.
SHIB trades in consolidation phase with no bullish on-chain signs.
The Official SHIB Token Discord server was paused due to conflicts.

The community behind the popular Japanese Kabosu guard dog-themed memecoin Shiba Inu (SHIB) burned over 6.3 billion of $SHIB in a week. Firstly, 130 transactions totalled to 2,734,359,742, while the biggest contributor is Blaze Token, a new memecoin that’s rumored to be building on Shibarium.

Blaze Token’s team sent 3,601,495,249 Shiba Inu (SHIB) tokens to a dead wallet. The transaction recorded on EtherScan equals a heavy $31,315. Besides, the deed by Blaze Token ended up breaking the yearly record, which previously was 3,016,073,367 $SHIB.

SHIB Token Calls For Timeout On Discord

The accelerated SHIB Burn rate coincides with the fiery debate between members of the SHIB Army on Discord. Indeed, a lot of members of the Defense Breed were banned, as the drama in regards to 37 Ethereum (ETH) from Welly’s funds kicked in. The 37 Ethereum (ETH) sent by Welly’s was likely to be burned, but ended up in one member’s hands.

Trophias, a member of the SHIB Defense Breed, was kicked out amid these allegations, along with other long-term member SHIB Queenie. Apparently, these members are no longer allowed on the new Shibarium Tech Discord server.

However, the misplaced funds triggered controversy across the community on Twitter too, and didn’t help maintain Shiba Inu’s (SHIB) price. At press time, the canine coin SHIB is changing hands at $0.00000873, sliding down by 1.3 in the last 24 hours.

On The Flipside

Shiba Inu’s mystified co-founder Shytoshi Kusama later emerged on Discord to address the turmoil on Shiba Inu’s channel.
Shy made a reference to chaos as “the nature of trailblazing new frontiers” and added that there’s “many great things in the works”.