Thursday, January 20, 2022
Home Crypto News Market Shiba Inu Burning Gaining Momentum, Last Week Becomes Biggest As 1,140,746,704 Shib...

Shiba Inu Burning Gaining Momentum, Last Week Becomes Biggest As 1,140,746,704 Shib Tokens Were Burned

- Advertisement -

Shiba Inu burning is gaining some serious momentum.

The last week (12/20 – 12/26) was the biggest week in Shib burning history, where total of 1,140,746,704 Shib tokens were burned. Up +109% from the previous week.

  • Weekly shib Burn Wrap Up: (12/20 – 12/26):
  • Total in week Burn: 1,140,746,704 (+109%)
  • Total Coins Burned In December 2021: 1,943,391,652
  • Total Supply Burned In December 2021: -.0003295%


The largest burn in a single transaction was 692,937,338 SHIB transferred to a dead wallet on December 23rd. The transaction can be seen on Etherscan.

Daily Shib Burn Chart

daily shib burn
image source:

Compared to the week (12/13 – 12/19) where 544,908,953 shib was burned, the last week become the most major week in shib burning history where 1,140,746,704 Shib tokens were burned up+109% from the previous week.

The largest SHIB burn party that contributed significantly to making the last week the biggest week in SHIB burn history till today was organized by Bigger Entertainment. Shib lovers bought $5 each for a ticket to participate in the burn party, Big Entertainment then bought coins for the amount collected and burned them all. 239 Million Shiba Inu Tokens were Burned in the shib Christmas burn party, Transaction can be seen on Etherscan.

These stats show that there is massive momentum going into 2022 for SHIB. Small burn contributions along with the big ones will surely make a huge impact down the line in decreasing shib supply and eventually increasing its price.

So far, a total of 410,292,481,894,121 SHIB tokens (41.02925%) have been burned from the initial supply of 1 quadrillion.

- Advertisement -
Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Central Bank Of Russia Proposes A Ban On Cryptocurrency Use And Mining

The Central Bank of Russia (CBR) issued a consultation paper on Thursday entitled 'Cryptocurrencies: Trends, Risks, and Regulation', whose primary focus is to influence...

Fox Business Journalist Says SEC legal Team Declared Ripple (XRP) Non-Security In 2018 So What Changed In 2 years?

Eleanor Terrett, a Fox Business journalist, recently questioned the ongoing lawsuit between the SEC and Ripple. window.coinzilla_display...

Michael Saylor Reaffirmed After BTC Drop From $69K to $40K That Neither He Nor His Company Will Sell A Single Satoshi

Michael Saylor, again affirmed that neither he nor his company is going to sell their bitcoin holdings. ...

After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

After Sundaeswap, another decentralized exchange (DEX) based on Cardano, Minswap has announced January 25, 2022, as its public beta launch date.

Shiba Inu Leading Developer Share His Thoughts On Microsoft-Activision Acquisition, Can Shib Get Something From This Deal?

Shiba Inu cryptocurrency holders woke up and smelled roses, and it's all thanks to Microsoft as the company prepares its new acquisition of Activision.

Shiba Inu Takes 3rd Spot Beating Ethereum In Top 10 Most Viewed Coins In Europe

Coin market cap (CMC) has just released its “Top 10 Most Viewed Crypto Coins” list for Europe. The list is released by CMC based...

Another Memecoin Trending On Twitter With 690T Supply

Twitter has become one of the main discussion points about cryptocurrencies. Recently, a cryptocurrency has been trending, looking like a bizarre project, the Shibnobi...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.