Shiba Inu Transfers 8.53B SHIB to Dead Wallet In Third SHIB Burn

• Shiba Inu has burned over 8.5 billion SHIB in the third SHIB burn exercise.
• On-chain data shows the transaction happened at exactly 00:30:59 am on December 22.
• The latest exercise brings the total burned tokens by Shiba Inu to approximately 25.38 billion.

Shiba Inu, one of the leading meme coin projects, has burned over 8.5 billion SHIB, the platform’s native cryptocurrency. In a recent post on X (formerly Twitter), Shibburn, a social media personality who tracks the SHIB burning process, said the team transferred the tokens to a dead wallet.

The exact number of burned SHIB tokens in the latest exercise is 8,533,564,693 SHIB, according to Lucie, a content marketing specialist of the Shiba Inu ecosystem.

On-chain data shows the transaction happened at exactly 00:30:59 am UTC today. Lucie also mentioned in her post on X that this particular exercise represents the third time Shiba Inu has burned a significantly high amount of SHIB tokens using a portion of Shibarium fees.

The first-ever SHIB burn happened on December 4, when the team behind the Shiba Inu project sent 8.24 billion SHIB tokens to a dead wallet. The second token burn …

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