600,701,531 SHIB Burned in One Go As Key Metric Soars 16,717%

Key Points

1. 602,041,022 SHIB tokens were burned in 24 hours, with a single transfer of 600,701,531 SHIB to an unspendable wallet.

2. The weekly burn rate increased by 369.03%, totaling 616,409,987 SHIB burned over seven days.

3. A poll led by Shytoshi Kusama allows SHIB and BONE holders to vote on future token burns, with 265,000 BONE tokens used in voting so far.

4. The majority of voters chose the option to burn BONE when its price is ≤ $2 and SHIB when BONE > $2.

5. Burns on the Shibarium network are facilitated by gas fees paid in BONE, with part of the fees set aside for burning.