New Crypto Project Living The Dream (LTD) Burns 250 Million SHIB in Single Transaction
Living The Dream (LTD), a new crypto project, has made a significant contribution to the Shiba Inu burn campaign by incinerating 250 million SHIB tokens in one transaction. Shibburn, the popular community-driven burn tracker, indexed the transaction yesterday, highlighting that 250 million SHIB were sent to the official dead wallet.
According to Shibburn data, the transaction occurred at 14:55 (UTC) yesterday, with the value of the burned SHIB tokens estimated at around $3,232 at the time of writing.
LTD Burns 250M SHIB
While Shibburn did not disclose the identity of the user behind the burn, Etherscan data revealed that Living The Dream (LTD) was responsible for the 250 million SHIB burn. The LTD team confirmed the burn on X, stating that they had incinerated 250 million SHIB along with 1 billion LTD tokens.
Since its launch on August 30, LTD has actively supported Shiba Inu by conducting large-scale burns. Last month, the project burned 500 million SHIB in just two days, including a 280 million SHIB burn in one transaction. These burns are part of LTD’s ongoing “Shiba Burn Series” campaign, aimed at reducing SHIB’s circulating supply.
Shiba Inu Burn Rate Soars 1,664%
LTD’s latest burn has caused Shiba Inu’s burn rate to spike by 1,664% over the past 24 hours. In total, 250,898,588 (250.89 million) SHIB were burned across three transactions, including LTD’s 250 million SHIB burn. To date, over 41% of Shiba Inu’s initial supply of 1 quadrillion tokens has been destroyed, amounting to 410,728,736,646,852 (410.72 trillion) SHIB.
Currently, Shiba Inu’s maximum total supply stands at 589,271,261,353,147 (589.27 trillion) tokens, with 583.45 trillion in circulation and 5.81 trillion SHIB staked on ShibaSwap. LTD’s ongoing efforts are expected to further decrease SHIB’s vast circulating supply significantly.