According to Shibburn, in the past day, the SHIB community managed to have a huge amount of SHIB, exceeding one billion meme coins.

Meanwhile, SHIB price breaks out and reaches the $0.00002606 level from which it was rejected on Thursday.

1.2 billion SHIB have finally disappeared

The aforementioned data source revealed on its website that the SHIB burn rate saw a massive 2,050% increase in the last day, while a staggering amount of meme coins were transferred to a non-spendable wallet – a total of 1,282,587,181 SHIB.

This massive burn was made possible by a single transaction made by an anonymous cryptocurrency wallet that dumped 1,003,266,585 Shiba Inu. In terms of transaction size, the other impressive transfers totaled 209,312,491; 33,737,678 and 29,282,316 SHIB. In total there were 14 transactions with dead-end wallets.

Shytoshi Kusama aims to make SHIB a top 5 coin

In a recent tweet, mysterious SHIB lead developer Shytoshi Kusama shared his intention to bring the Shiba Inu Meme-inspired cryptocurrency (currently the largest by market capitalization after Dogecoin) to the CoinMarketCap scale to bring it into the top 5 Top 15.

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Kusama posted a tweet with an AI-generated image depicting a religious and/or apocalyptic-style scene, with a giant white hole in the center and numerous people flying around the hole. The picture also shows a man sitting in front of this apocalyptic painting at a huge desk with a large hole in the middle and tons of papers and files scattered around the desk, creating a similar chaos around him as on the picture painting.

Shytoshi tweeted that this was very close to the feeling of “giving utility to a memecoin and moving it from the top 15 to the top 5. In less than 5 years… without a big budget.”

In a comment on another tweet, Kusama confirmed that he was specifically talking about Shiba Inu and shared that the aforementioned tweet was “a wish.” “One goal” for him. Currently, Shiba Inu boasts of being ranked 14th on the CoinMarketCap scale with a capitalization of $15.26 billion. The meme coin changes hands at a price of $0.00002589.