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Home Crypto News Market Over 322 Million Shiba Inu Tokens Taken Out of Circulation Last Week,...

Over 322 Million Shiba Inu Tokens Taken Out of Circulation Last Week, With 57M SHIB Burned On Sunday

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Over 322 million Shiba Inu burned in the last seven days and over 57 million in the previous 24 hours.



The Shiba Inu’s (SHIB) community is said to be the finest community in the crypto world and nowadays seems to be busy burning SHIB tokens by sending the tokens to a dead wallet to drive the price up to sustain it the long term.

The recent Etherscan data reveals that the SHIB Community has been able to destroy a massive number of Shiba Inu (SHIB) tokens this week, i.e., more than 322 million tokens have been taken out of circulation with 52 transactions. In comparison, over 57 million SHIB tokens have been burned on Sunday alone.

The exact number of SHIB tokens that have been burned during the last seven days is 322,633,272, (322M), whereas, on Sunday, precisely 57,084,421 (57M)

The official Twitter handles of Shibburn verified the burn details via tweet and told its followers that exactly 57,084,421 SHIB tokens had been burned on Sunday alone with nine transactions, whereas 322,633,272 SHIB tokens have been sent to dead wallet during the last week with 52 transactions.

The Community interest in burning seems to increase day after day following the recent valuable developments in play in the SHIB ecosystem.

According to the team, the developments like Shiberse, Shibarium, etc., are expected to happen soon or in 2022. Even though these all developments seem bullish for the Shiba Inu (SHIB) token and are expected to take the SHIB token to its new heights. The current massive circulating supply of 549 Trillion tokens might hinder the price growth further.

Knowing this fact, the SHIB community is committed to burning and wants to take as many tokens out of circulation they can at these lower prices.

Besides this massive burning in play, the recent WhaleStats data reveals that the total ETH Whales’ holding now surpassed 2 billion dollars and currently stands at $2,806,528,218.

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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