India, March 25 -- Cryptocurrency Shiba Inu's burn rate surged a staggering 8,470%, according to Shibburn, a dedicated SHIB burn tracking platform. An anonymous wallet transferred 1 billion SHIB tokens in a single transaction to the official burn address, the website further stated. A Coincodex report states that by January 2025, the cumulative worth of all the SHIB that has been burned exceeded $4.5 billion.

Data from Shibburn indicates that an anonymous wallet, identified as '0x55B...182E3' executed a burn of 1 billion SHIB tokens. The transaction was valued at approximately $13,050, based on SHIB's market price of $0.00001305 at the time.

The block explorer Etherscan shows that the same wallet burned 1 billion SHIB on March 15, 2025,...