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According to the data provided by Shibburn, over the past day, the SHIB community managed to dispose of a mammoth amount of SHIB, which surpasses one billion meme coins.

In the meantime, the SHIB price is breaking out, having the $0.00002606 level it was rejected from on Thursday.

1.2 billion SHIB gone for good

The data source mentioned above revealed on its website that over the last day, the SHIB burn rate had displayed a massive increase of 2,050% while a staggering amount of meme coins were transferred to unspendable wallet: 1,282,587,181 SHIB in total.

This tremendous burn was possible thanks to a single transaction performed by an anonymous cryptocurrency wallet as it disposed of 1,003,266,585 Shiba Inu. In terms of transaction size, the other impressive transfers moved 209,312,491, 33,737,678, and 29,282,316 SHIB. There has been fourteen transactions to dead-end wallets overall.

Shytoshi Kusama aims to make SHIB top 5 coin

In a recently issued tweet, the mysterious SHIB lead developer Shytoshi Kusama shared his intention to take Shiba Inu meme-inspired cryptocurrency (the largest one by market capitalization size after Dogecoin at the moment) up the CoinMarketCap scale to boost it to the top-5 level from top 15 without a budget.

Kusama published a tweet with an AI-generated image depicting a scene in a religious and/or apocalyptic style, with a huge white hole in the middle and numerous people circulating around it as they are flying. There is also a guy in that image sitting in front of that apocalyptical painting at a huge desk with a big hole in the middle of it and tonnes of papers, documents, files, etc, scattered around it on the desk showing a similar chaos around him as in the painting.

Shytoshi tweeted that this very close to what it feels like “trying to give utility to a memecoin and take it from top 15 to top 5. In less than 5 years... without a huge budget.”

In a comment to another tweet, Kusama confirmed that he was talking precisely about Shiba Inu, sharing that the aforesaid tweet was “An aspiration. A goal” for him. Currently, Shiba Inu boasts sitting on the 14th top position on the CoinMarketCap’s scale with a capitalization of $15.26 billion. The meme coins is changing hands at $0.00002589.

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