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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

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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.

https://etherscan.io/tx/0xdbd0863cccd015cecdedfd00035779baa44f8d3683d7d706fbda42e7eded59fa

Daily Shib Burn Chart

daily shib burn
image source: https://twitter.com/worldofao

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.

https://etherscan.io/tx/0x76df993ff5a80a06ea4869970d1b71297ff56bc8d482443308697270200af561

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.

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Mark Brennanhttps://thecryptobasic.com/
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.

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