In May 2023, the Shiba Inu community burned over 15 billion SHIB tokens through 191 transactions, marking a 370% increase in burn rate compared to the previous month. Blaze Token emerged as the top SHIB burner of the month, permanently eliminating 11.5 billion SHIB from circulation through five transactions. MARSWAP and a Coinbase-associated wallet also made significant contributions to reducing the SHIB supply. Despite the intense burn activity, the Shiba Inu price has lost 13.7% of its value in the past 30 days and is currently trading at $0.00000854.
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Shiba Inu Community Burns Over 15 Billion SHIB in May 2023, Blaze Token Emerges as Top Burner
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