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The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Advertisement Popular Shibburn tracking service that monitors daily and weekly SHIB burn transactions and then shares the details on its website and on the X social media platform has revealed that over the past year, a staggering amount of SHIB meme coins have been transferred to “inferno” wallets. More than two tens of billions of them was destroyed in virtual flames. 44.6 billion SHIB gone in 2024 Shibburn revealed that in 2024 cumulative efforts of the SHIB community and the Shiba Inu developer team have made possible the destruction of 44,623,604,014 SHIB in total. That is the equivalent of a little less than $1 million — $928,170. A total of 44,623,604,014 $SHIB were burned in 2024. #SHIB #HappyNewYear pic.twitter.com/hjTld02KOh — Shibburn (@shibburn) January 1, 2025 Still, judging by the comments, the SHIB community was not impressed by that. Such comments appeared in the thread: “Next year should be at least double? 89,247,208,028. Maybe triple? 133,870,812,042. Now that would be fire!” “If you burn 1 T for year it takes 550 years..…” “Not even close to a drop in a bucket.” Advertisement That year, the SHIB team implemented several important upgrades, including first the testing and then the launch of an automated SHIB burn mechanism that operates via the Layer-2 network Shibarium thanks to transaction fees, which are converted from BONE to SHIB and then burned automatically. The SHIB team admitted that every month they remove roughly 300,000 SHIB meme coins from the circulating supply. HOT Stories 44,623,604,014 SHIB Gone in 2024, Yearly Report Reveals Bitcoin to Hit $1 Million in 2025, Samson Mow Predicts, Here’s Catch Bitcoin ETFs Record Positive Flows on Last Day of 2024 Bitcoin (BTC) Loses Support: 2025 to Begin With Crash? Shiba Inu (SHIB) Hits Critical Level, XRP Struggles to Hold Above $2 🔥🔥🔥 2,679,767,542 $SHIB tokens have been burned in the month of December with 143 transactions. #SHIB #HappyNewYear pic.twitter.com/rVskepSBHs — Shibburn (@shibburn) January 1, 2025 Several billion SHIB were burned by founders of other meme coins who pledged to help accelerate SHIB burns in 2024. As for the past month, according to the aforementioned data source, an impressive 2,679,767,542 SHIB were transferred to unspendable blockchain wallets. It took 143 transactions to achieve that milestone in December. Related Tue, 12/31/2024 – 10:51 Dogecoin Founder Issues Big DOGE Post, Responding to Elon Musk’s X Call Yuri Molchan Shytoshi Kusama promises “epic” 2025 Earlier this week, the mysterious leader of the SHIB team known as Shytoshi Kusama announced the launch of his podcast, which will consist of 44 episodes. In them, Kusama said he would be “talking from the heart and explaining something very important,” also talking about all the tech SHIB has built so far and revealing the functionality of the upcoming TREAT token. He tweeted that 2025 will be epic, also due to the launch of the podcast. “It’s time to stop being Shy,” Shytoshi Kusama said about the upcoming podcast launch. Those Kusama’s tweets came after the much-expected released SHIB Metaverse. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. #Shiba Inu (SHIB) News #Shytoshi Kusama About the author Yuri Molchan Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc. A A A Related articles News Jan 1, 2025 – 9:41 Bitcoin to Hit $1 Million in 2025, Samson Mow Predicts, Here’s Catch News Yuri Molchan News Jan 1, 2025 – 8:20 MicroStrategy Allegedly Transfers $793 Million Worth of Bitcoin to New Addresses News Alex Dovbnya Advertisement Top Crypto News in Your Mailbox Subscribe Top Crypto News in Your Mailbox Subscribe Advertisement Advertisement Subscribe Recommended articles Guides Cryptocurrency Wallets Dec 30, 2024 – 14:08 Top Cryptocurrency Wallets 2025: Guide Vladislav Sopov Opinions Dec 22, 2024 – 18:30 Shiba Inu (SHIB) Price Prediction 2025 Dan Burgin Opinions Dec 8, 2024 – 18:00 Cardano (ADA) Price Prediction 2025 Dan Burgin News Dec 5, 2024 – 3:26 Bitcoin Hits $100,000 for the First Time in History Alex Dovbnya Opinions Dec 1, 2024 – 19:00 XRP Price Prediction 2025 Dan Burgin Price Index Bitcoin Ethereum XRP Cardano Dogecoin Shiba Inu Tron Polygon Litecoin Solana Show all Latest Press Releases Wiki Finance Expo Hong Kong 2025 is Coming on March 27 CoinEx Charity Deploys Third Starlink Unit in the Philippines LBank Interview with Murad Mahmudov: Why Memecoins Will Dominate 2025 Submit Press Release Our social media There’s a lot to see there, too Popular articles 44,623,604,014 SHIB Gone in 2024, Yearly Report Reveals Bitcoin to Hit $1 Million in 2025, Samson Mow Predicts, Here’s Catch MicroStrategy Allegedly Transfers $793 Million Worth of Bitcoin to New Addresses Show all Our social media There’s a lot to see there, too Subscribe to daily newsletter Subscribe By pressing the “Subscribe button” you agree with our Privacy Policy Main navigation News Bitcoin (BTC) News Ethereum (ETH) News Cardano (ADA) News Ripple and XRP News Shiba Inu (SHIB) News Dogecoin (DOGE) News Meme Cryptocurrencies NFT News Stories Interviews Opinions Reviews Price Analysis Bitcoin (BTC) Price Analysis Ethereum (ETH) Price Analysis XRP Price Analysis Cardano (ADA) Price Analysis Dogecoin (DOGE) Price Analysis Shiba Inu (SHIB) Price Analysis TRON (TRX) Price Analysis Polygon (MATIC) Price Analysis Litecoin (LTC) Price Analysis Solana (SOL) Price Analysis Guides Blockchain Ethereum Cardano Polygon Meme Coins Stablecoins NFT Wallets Advertise Submit Press Release Submit Airdrop Submit Events Calendar Request an Interview Press releases Airdrops Sponsored Partners Events Calendar Mentions About Contacts Terms and conditions Privacy policy Consent settings Cookies policy Editorial Policy Our Franchise Jobs Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. 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