ShibTorch burn portal paused, 69.32 billion SHIB burned so far

A new discussion on X regarding Shiba Inu’s token-burning mechanism emerged after SHIB community member Ed Salomons noted that ShibTorch’s page on the official Shiba Inu website was displaying a “failed to load burn” notification. The section meant to show the total accumulated SHIB for burning also appeared empty, causing confusion among community members. Salomons highlighted that ShibTorch, a Shibarium-based project focused on reducing SHIB supply, was “loading, constantly updating,” and restated that its design aims for every transaction to burn SHIB tokens. However, long-time community member Mazrael responded with an explanation for the missing data: ShibTorch collects BONE from Shibarium transaction fees, converts it to SHIB, and then burns the tokens on Ethereum .

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